This may not be a new resolution for you, it may be one that pops up throughout the year and then quietly goes off to the side as we deal with our daily, busy schedules, and when it comes to planning and organizing, many of us avoid the topic entirely. After all, thinking about end-of-life decisions can feel overwhelming or even uncomfortable. However, taking the time to “get your ducks in a row” when it comes to estate planning is one of the most important steps you can take to protect your loved ones and ensure your wishes are honored.
As I write this, I think of close family members who have passed recently, and some honestly didn’t have their ducks in the right state, let alone in a row. It made things difficult for those having to pick up the pieces. I have committed myself to go through this process completely this year. I will be breaking it down into easy, doable sections. To do this, you need to dedicate the time just as you would to get your hair done or having lunch with friends. Personally, I have set aside a few hours on a Sunday afternoon once a month to go through this process.
This first month, I am going to focus on taking inventory of our assets. We bought a new TV and computer this year, along with a few other purchases that we would need information on for insurance purposes if ever a weather event like Milton impacts us or any other major event, for that matter. A wonderful supporter of the VNA & Hospice Foundation shared with me earlier in 2024 what helped her: She took photos of all her artwork and valuables (jewelry, furniture, etc.).She then printed each photo out and wrote a note on where it was located, who she wished to have it when she passed and attached any receipts or appraisals she had for that item. This can take more than one Sunday afternoon, but I have started this process of identifying and taking photos. I can see that this will be a ‘living and breathing’ section; I may sell an item or add new items to my inventory, but if I take the time to go through this process, this will be a wonderful step in gathering my ducks.
Take this journey with me, and let’s see how much we can accomplish in one year! Here is a guideline on how to begin:
- Take Inventory: Make a list of your assets, liabilities and key documents. Have you paid off a vehicle or purchased a new one? Do you have all the titles for your cars in a safe location?
- Define your Goals: Consider who you want to inherit your assets and who you trust to make financial and medical decisions for you.
- Consult professionals: Each state has different rules and regulations regarding wills and trusts. An estate planning attorney and financial advisor can provide invaluable guidance tailored to your unique situation.
- Communicate Your Plans: Share your plans with your loved ones to ensure they understand your wishes and know where to find important documents.
Taking the time to get your ducks in a row isn’t just about planning for the inevitable, it’s about creating a legacy of care and love for the people who matter most to you. This also takes a lot of stress away from your friends and family, as your wishes will be clearly documented. Getting your ducks in a row is an amazing gift you can give to your loved ones.
As always, if you are leaving anything to your favorite charity, like the VNA & Hospice Foundation, let them know. This is an important step. I would love the opportunity to talk with you to see how you would like your gifts to the VNA used and how we can recognize your support! Please contact me, Maurika Reed, Principal Gift Officer for the VNA & Hospice Foundation, at 772-978-5574 or via email mreed@vnatc.com if you have any questions.
Visit VNA & Hospice Foundation – Planned Giving Home to download our Estate Planning Guide to help you with this quest.
