Giving Your Kids What They Really Want: A Guide to Estate Planning
At Idaho Estate Planning, we often hear from families who want to pass something meaningful to their children or grandchildren. It’s a natural desire—after a lifetime of hard work, leaving a legacy is a heartfelt gift. However, there’s a common misconception that we need to address. Prioritizing an inheritance over your well-being may is not the best approach. Give your kids what they want: A plan for the future.
The True Gift: Taking Care of Yourself and Living Your Best Life
While the idea of leaving an inheritance is appealing, some people find themselves caught between two difficult choices: paying for their long-term care or leaving something behind for their loved ones. The truth is, focusing too much on leaving a financial gift can hurt the very people you want to help.
Prioritize your own care, you are not being selfish. In fact, it is the opposite. Having a solid plan for yourself means you can age comfortably, and relieve your loved ones of the potential financial and emotional burden of managing your care. This is the real gift you can give them: peace of mind.
Two Essential Parts of the Puzzle
Planning for the future involves two key components: how you’ll pay for your care and what kind of care you want. At Idaho Estate Planning, we specialize in creating customized Legal Life Plans™ that address these crucial aspects.
- Paying for Long-Term Care: We’ll help you explore the best options for financing your care, whether it’s through savings, insurance, or other means.
- Planning for Your Care Preferences: We will work with you to outline your wishes for the type of care you want, whether that involves staying in your home, moving to a care facility, or another option. We’ll also ensure you have the necessary legal documents in place, such as powers of attorney, to designate who will make decisions about your finances and healthcare if you’re unable to do so.
Rethinking the Gift You Leave Behind
Consider for a moment that financial inheritance is nice, but your family will likely value your well-being and relief from worrying about your care even more. By planning and taking care of your own needs first, you provide your loved ones with a priceless gift—knowing that you’re safe, comfortable, and well-cared for.
Take the Next Step
At Idaho Estate Planning, we’re here to help you create a comprehensive plan that addresses your needs and your family’s peace of mind. Contact our office today to set up a complimentary consultation. We’d love to help you give your kids what they really want: A plan for the future. We’ll help you start a Legal Life Plan that gives your loved ones what they want.
