Thanksgiving brings great memories. As a young boy growing up, I loved meeting at grandma’s house on 21st Street in old Las Vegas.
We crammed cousins and uncles in every corner of the house and a spirit of thanks and gratitude prevailed. This many people, in very close quarters, would certainly not be the same in our altered perspectives for 2020 Holidays.
Just before my 17th birthday, my grandma died and Thanksgiving changed.
At 17, I didn’t experience much regarding my grandmother’s estate planning, but I learned to be more grateful for the time I shared with her.
Estate planning is not something you do for yourself. It is something you do for others.
Meeting with a professional and getting your affairs in order is an expression of love.
For all of us, there will come a time when we die. Your estate plan in part formulates your legacy. Through the planning and drafting of your will or trust, you can express your gratitude for those individuals or organizations you value through word and deed.
I’ve watched a strong man cry from gratitude for what he received and sisters expressing thanks for a well-structured estate plan when meeting with me after mom’s death.
Not all estate plans and beneficiaries are filled with gratitude but through your actions you can help facilitate more gratitude throughout the process.
No one is entitled to an inheritance. All should acknowledge the grace of the provider of the inheritance. All should cultivate gratitude in receiving the gifts they receive. On more than one occasion, I have disinherited children or included language in an estate planning document, to further a client’s desire to teach that an inheritance should be received with a spirit of gratitude regarding the gift given.
Gratitude and estate planning go hand in hand. As we approach Thanksgiving and think about all we have, even in this COVID altered Thanksgiving season, we should contemplate how we have planned for our affairs. With some thought and guidance, you can help foster gratitude within your estate plan.
Jeffery J. McKenna is a local attorney serving clients in Nevada, Arizona and Utah. He is a shareholder at the law firm of Barney McKenna & Olmstead, PC, with offices in Mesquite and St. George. If you have questions you would like addressed in these articles, you can contact him at (435) 628-1711 or firstname.lastname@example.org.