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The problem with estate planning, is that we never know when you're going to die, and
I just came from a meeting with some clients, and they were saying, "Well, next year, we're
going to do this, and the year after that, we're going to do this other," and I said,
" Well, that's all well and good, as long as you're alive, and the problem is, we don't
know when you're going to die." What we tell clients, is as long as you're vertical, we
can help you, but if you go horizontal on us, can't help you, so the fact of the matter
is, you could have an accident today. You're probably not going to have an accident today,
but accidents happen all the time. That's why you have life insurance. That's why you
have fire insurance. That's why you have car insurance, because accidents can happen. You
need to make sure you have a quality estate plan in place, at all times, in case an accident
happens, and you're killed. Your family is not left in this lurch, and it will be a horrible
lurch, because money may not go to the people that you want. Expenses for lawyers, frankly,
you're going to need a large chunk of your estate. Your surviving spouse, if you have
one, and your children, if you have them, may need all the money that you've got, to
continue surviving their lifestyle,but after lawyer fees, court fees, and frankly, taxes,
if you haven't done quality estate planning, there may be very little left for them.