Thanksgiving is a time to give thanks and to connect with family and friends.
While 2020 has been a difficult year for many of us, there is still a lot we can be grateful for. When we gather around the Thanksgiving table with our loved ones, let us be grateful for the food at our table and the companionship of our loved ones around us, whether seated at the table or those who join us electronically.
While the pandemic has changed this traditional holiday and the way many of us celebrate, the essence of this uniquely American holiday has not. We are thankful for the many blessings we have.
Thanksgiving is the time to thank those you’ve asked to play a role in your estate plan. Many trusted people play a role in your estate plan. A typical estate plan has trustees who will carry out your wishes expressed in your trust when you are no longer able to act as trustee. In a typical plan, you’ll have agents who make decisions for you under a financial power of attorney when you can’t make your own financial decisions. You will have agents making decisions on your behalf under a public health care power of attorney when you cannot make these decisions on your own. Finally, you will have personal representatives who will ensure that the wishes in your will and the guardians you have nominated to care for any minor children are carried out.
Although you can have a great property plan, it takes people you trust to play a role in your plan to carry out the desires you expressed in your plan. Thanksgiving is a great time to remind them of the role they agreed to play and to thank them for playing such an important and trusted role in your life.
Thanksgiving is a special time of the year. We stop and think about our lives and the people who bring meaning to our lives. While this year has brought hardships to many, it also shows us how valuable our loved ones are. Make sure to thank your loved ones for being such a special part of your life.
Stephen C. Hartnett, JD, LLM
American Academy of Estate Planning Lawyers, Inc.
9444 Balboa Street, Suite 300
San Diego, CA 92123
Phone: (858) 453-2128