The best laid plans…  It is not enough to base our plans on the prospect of things going well.  We must also incorporate into our plans fallback strategies for when things go badly. In investing we recognize that we cannot control the market, so we focus instead upon managing risk.  In other areas of our plan we recognize that we cannot control life.  We get sick, experience disabilities, require long-term care, and experience untimely deaths.

The consequences of any of these occurrences can be catastrophic for ourselves and for those around us. Proper contingency planning cannot eliminate pain, sorrow, inconvenience, or heartache.  But, it can avert catastrophe, making the aftermath far more bearable.

We cannot control other people, either. The folks we rely upon to oversee our affairs in the event of our death or incapacity get sick themselves. Our heirs run into financial difficulties, get sued, and divorce — putting the legacies we so carefully passed along to them at risk of loss.

Contingency planning for these potential problems within our estate planning documents can afford considerable protection. Our wealth consultants can help you to assess your risks and develop a comfort-providing contingency plan.  Give us a call and schedule an obligation-free consultation.