What happens to the people, the structures, the organizations and the causes we worked hard to build? What happens from the point we retire to the point we become incapacitated and eventually die? What happens in tragic situations of unexpected or sudden death? Will the children we brought into the world and other dependents live wisely, progressively and happily after we are gone? Will the strength of our impact be felt by unlimited generations? There’s so much to think about when it comes to estate planning but the great importance and urgency of establishing and updating wills cannot be underestimated or left till the last day.
Thorough estate planning encompasses a solid legacy, it is the future of everything we work so hard to witness. Securing the future is an important responsibility of every household leader, not just relating to rich and affluent people, but anyone who has valuables, including natural and intangible assets, to pass on for many generations. Lack of thorough estate planning could be disastrous after life especially with large, blended, complex or secretive families. Similarly, dying interstate without an estate plan or will, can get ugly with dependents evoking unbelievable family drama and expensive court battles.
You’ve worked so hard to live a successful life and amass wealth in various forms, what happens to your assets after you’re gone? Have you established your after-life wishes? Are your loved ones protected? Will your legacy outlive you?
I’m Olatorera Majekodunmi-Oniru. There are blank pages for every living will, living trust, last will and final testament. Are your pages legally blank today? Who will determine the strength of your legacy if your pages remain blank after-life? When we cherish our freedom and the great value in every human life, we plan for, and simultaneously protect, our future generations.