Estate Planning

Am I Ready to Die?

By Greg Herman-Giddens

I'm at home today, sick with the flu.  Last night was rough, fever, chills, cough, and inability to sleep, but I feel a bit better right now.  However, during the worst of the night, a thought came to mind that it might actually be a relief if my mortal existence ended.  Not that I really wanted it to, but it made it easier to imagine truly feeling that way in the event of a painful terminal illness.

As I often say, estate planning involves sometimes difficult discussions.  This post is no exception.  This morning I thought to myself, that while I by no means wish to die any time soon, if the time came now, I am ready in many respects:

• I tell my family members regularly that I love them.
• I have some regrets, but for the most part I've had a life well-led.
• I believe that I have been forgiven for the few times that I have regretfully hurt others.
• My family members know my wishes for a memorial service (party!) and disposition of my remains.
• My will and trust are up to date and reflect my wishes.
• The beneficiary designations for my life insurance and retirement are coordinated with my estate plan.
• For my few important personal possessions - family antiques, Winchester .30-.30, paintings and prints, etc. - I have specified which items will be given to daughter and which to my son. 
• I have made arrangements for a meaningful charitable gift. at my death.

So, while I hope the rider on the pale horse does not appear on the horizon for me for a few decades, if he comes I will know I have prepared the best I can.

Full post as published by North Carolina Estate Planning Blog on February 09, 2011 (boomark / email).