A book everybody over the age of 18 should read and apply in their life. It is a topic we should not neglect. Plain and simple. Estate Planning is an issue most of us don’t know about and should. This book teaches us the basics and helps us secure our family well-being.
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Author: Catherine Hodder, Esq
How to Help Your Parents and Protect Your Kids
First of all, estate planning is not exclusive to rich people. Is for everyone. Is not just about a will, is much more than that. The author explains in detail in Part One how to create your estate plan in 10 steps and all that is involved. If you are part of the “sandwich generation”, genius term, by the way, you need to plan ahead for the sake of your loved ones. The ones at each end: children and aging parents.
Second, although the book is a roadmap to understanding and formulating your own estate plan, you need a lawyer. The book provides the basics and general ideas, but you need to consider the laws in the State you live in. If you are thinking of using online legal forms, think twice:
In their evaluation of three online legal services, Consumer Reports found: “… none of the will-writing products is likely to entirely meet your needs. And in some cases, the other documents aren’t specific enough or contain language that could lead to ‘an unintended result’.”
For people who can’t afford a lawyer, some legal aid clinics provide pro bono estate planning services. Search online for legal aid clinics in your community. Additionally, Wills for Heroes is a non-profit service that provides free estate planning services and documents to First Responders.
Short-term savings may cost you more in the long run. Any investment now will benefit your loved ones in the future. ~ Estate Planning for the Sandwich Generation, Catherine Hodder, Esq. Click To Tweet
Do the Talk
In Part Two, the authors give us the conversation we need to have with our aging parents. I can relate to the feeling of not wanting to talk about death or accidents but has been a talk we needed to have with my husband. And now, I understand I need to have to with my parents. It is hard, yet necessary.
She provides conversation starters and what type of talks to have. Furthermore, what each talk should be focused on. The one that got my attention was the Family Legacy Talk, perhaps for the sentimental value of it.
My Personal Experience
For me, one important aspect is the Health Care Power of Attorney. As a person living with Type 1 Diabetes, I am aware that anything could happen at any moment and then what? I could experience an extreme Low or High and go into a diabetic coma. Without that document, my family will not be able to make a decision regarding my health. It will be up to the doctors.
Also, I know the time is coming fast that my son is going to spread his wings and leave our household, what if something happens to him and I can’t make a decision as his mother, because nothing has been put in place in case of an emergency.
One clever advice the author gives is to create an “In Case of Emergency” binder.
The book is easy to read and comprehend. The author uses only the necessary legal jargon and explains its meaning. Well structured. Educational and a must have in your book collection. I would recommend this book to everyone regardless of age. I believe even our children should know about this subject. So when the time comes they are prepared.
By failing to prepare, you are preparing to fail. ~ Benjamin Franklin Click To Tweet
About the Author
Catherine Hodder, Esq. is an estate planning attorney turned author. She enjoys working with families who would rather be doing anything else than estate planning. Her Florida law practice, featured in the Palm Beach Pot, made “house calls” to help families with their estate planning needs. She now resides in California, writing helpful articles for members of the “Sandwich Generation”. She is also co-author of Law Office on a Laptop: How to Set Up Your Own Successful Mobile Law Practice, a #1 Amazon Kindle Bestseller in law office education.
You can connect with her on:
- Website: www.hodderink.com
- Facebook: @sandgenlife
- Twitter: @sandgenlife
- Instagram: @sandgenlife
- Pinterest: @sandgenlife
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