Recently, all of the talk lately in politics concerning wealth, and with the discussion of “haves & have nots” provides an opportunity to discuss what is most important to you. I, like you, care about my family and am passionate about their quality of life they have when my day has come. Lately I have been focused on the legacy I will leave for my family.
When I speak of legacy, one probably thinks what people will think of me in the past tense. For me, the limitation does not conclude at what others think of me that day, my focus is on what my family will think of me from a fiscally responsible perspective. Hopefully they think well of me, and are proud. With those titles I have comes a great deal of responsibility and expectations. Expectations are the wood on the fire that we call “pressure.”
We need a degree of pressure in our lives to help us perform a little better. I can remember in athletics when I was younger that I always seemed to be a little faster, a little more competitive, and much more aware of my surroundings when I had pressure on me. Its funny when you hear a coach says, “Sports is like life.” I have to agree.
In answering the bell everyday for my family, I often think without my financial contribution, how will they do? I mean will the girls go to school on money that we saved, money left for them through the estate or will they be forced to borrow and assume debt, something we have preached against.
Like the old saying goes, “the painter’s house needs painting.” I didn’t want to be that person. Through proper estate planning and the use of life insurance within that estate plan, I am able to go to bed every night and know that if today is my last day, the family will be able to grieve, heal, and carry on with their lives and achieve their goals.
I try not to be “the insurance guy.” I don’t call on my family and friends, using my relationship to drum up business. What I do is simply tell those that I see on a daily or weekly basis that we all know tomorrow is not guaranteed but since there has never been an insurance company that has not paid its claims in our history. One has come close but has repaid their debt., Life insurance, as long as the premiums are paid, is the closest thing to a guarantee that you can leave your family.
Assuming what you just read is the gospel, if you are able to have proper estate planning, your estate will be settled without having to pass through government probate court. Probate court will add monetary fees and take up time with assets that your family may not have the time to wait on in life.
I urge you to leave an honorable legacy, assure your family will have a good quality of life and the opportunities they deserve. I know I gave a general course in estate planning and I don’t want to confuse you, feel free to contact me to help you get started.
