08/12/26 - Peace of Mind in Estate Planning pt.5

Yeah, so over the past weeks, we've been talking about how do we gain peace of mind? And why would I suggest that we can get peace of mind by doing this thing called estate planning? And we've talked about Philippians 4, verses 6 through 7, which says, be anxious for nothing.

So in other words, there's something that is in us that is saying, I'm uncomfortable.

There's something that is not... dealt with.

There's something that is not right.

That could be a spiritual issue, a health issue, and it could also be a very practical issue, such as, I don't have my estate in order, and I know that in order to be a good steward, I should have these things in order.

And I've talked about that when we use our voice, When we use our voice in estate planning and have things set out well, that the Apostle Paul ends up saying that then the peace of God will guard our hearts and our minds, which is that there will be a shield around us.

It'll be a guard around us.

And that's really what estate planning is supposed to do.

It's supposed to be a shield.

It's supposed to anticipate that what happens if you have a health emergency.

So there's two times when we need to have an estate planning.

Number one is if you have a health emergency and you're compromised and you can't manage your own financial affairs or make a decision concerning your own health, we need to have proper documentation.

And those are power of attorneys.

Power of attorneys give someone else authority to speak over our finances or to speak over our health.

It could be to banks, to 401ks.

It could be to selling our home.

That's what a financial power of attorney would do.

The health care or mental health documents, those would speak when we're compromised and we need to have medical decisions made, but we don't understand exactly what's happening or we're just unable to make it for whatever reason.

So ensuring that you are protected is my first job.

And we got to have the right documents in place to ensure that you are well protected.

Then the other time that estate planning documents are necessary is when you die.

It's not an if I die.

We're all going to pay taxes and we're all going to die, unfortunately.

So when we pass away, is our estate in proper order? And that's actually one of the highest standards values or one of the greatest reasons people come to me i don't want to leave a mess well i agree with you you shouldn't leave a mess so we need to do this thing called estate planning to make sure that indeed things are we've used our voice that that things are going to happen exactly as we anticipate let me give you a little uh a nugget here if you say let's say you have two children And you say in your will or in your trust – use a trust.

Don't use wills.