For many years I've been on the advice-side of the estate planning conversation. Get prepared, don't leave loved ones hanging, do it now so they don't have to, etc. This month, my dad passed away very suddenly at the ripe young age of 66 and I now I've found our family on the other side of this conversation. Thankfully, Dad was a smart guy and had things well tended to. There's really nothing left to do but some adjustments with the accountant and titles at the bank.
I can't tell you how thankful we are for that, because it allowed us to think about Dad instead of "things" or "tasks." Instead, we get to remember how Dad was an incredibly handy man who literally fixed something for every person in the tri-county area. He built things to last, like this go cart he built for us girls in 1979 and that still runs for his grandkids (he's gassing it up for the first and last time in these pictures - those are my kiddos on it). He was incredibly generous and wore his heart on his sleeve. All of his generosities were so very evident at his service, because so many people came that they had to add extra pages to the guest book and the wait to sign it was over an hour-and-a-half.
It is very meaningful to be able to reflect on these things and not let estate planning get in the way. He made a plan in life, it is working now and none of us have to think about it. I've advised for many years that it's so much better for your loved ones if you can just make a plan for them. Now, I can affirm it.
Is the market overvalued?
We've seen the stock market pull back a little lately. What does that mean for the value of the market?