By Fred Hensler
My mind is racing as I draft this article. Initially, it was going to be directed at estate planning for seniors, but a tragic event occurred in our midst here at Sapphire Blue Investment Partners that caused me to change course. On July 3, 2017, our service director, Jen Kniivila, received a horrific call. Her sister, Mya, had just been found dead from a drug overdose. She was 26 and had lost the battle she fought for many years, her young life snuffed out far too early. Humbly we move forward and hopefully Mya’s tragic death teaches a life lesson, a lesson I would like to share with you today.
You see, Mya’s documents were not in order. At age 26, the last things she would’ve thought about were death or estate planning or transferring assets. Why would she have? She was too young – life had too much to offer.
When Mya’s parents went to the banks to retrieve what Mya had accumulated in checking and savings accounts, they were met with a stern “I’m sorry, you don’t have all the appropriate documents to allow you access to her accounts or be informed if she even had an account here.” So now, Mya’s family was forced to enter what could prove to be a costly endeavor of going to probate, simply to find out what, if any, assets she may have had and where they could possibly be. A simple will, a trust or a Transfer on Death registration on her accounts would have eased some of the burden of this catastrophic event.
At Sapphire Blue Investment Partners, we meet frequently with our clients and work diligently to ensure that when their last day is lived, the last breath is taken and the last card is punched, their documents allow the survivors and beneficiaries to receive the inheritance intended for them with the least amount of added stress and anxiety. You see, the prognosis is this – no matter how well you do or don’t eat, no matter how much you do or don’t exercise, no one gets out of this world alive. So I ask you – if you are 18 or 80: ARE YOUR DOCUMENTS IN ORDER?
Hopefully out of the tragic end of Mya’s life, you the reader learn and act on two things:
1. Heroin will kill you! Never think to yourself, “Oh, just this one time,” because it won’t be just that one time.
2. No matter how young or old you are, make sure your documents are in order.
If you are unsure of where to start or the next steps to take, I invite you to call our office to schedule a complimentary meeting with one of our expert estate planning specialists. They will guide you through the complexities to help create a plan that you can live with and die with. Let’s get started today! We can be reached at 810-714-9456.
Please share this article with everyone: your kids, parents, grandkids, neighbors, coworkers, relatives and friends. It may save a life!
Opinions expressed are those of the author and are not necessarily those of the named broker dealer or its affiliates. The information in this article is not intended as tax or legal advice. For a comprehensive review of your personal situation, always consult your legal advisor. Neither Summit Financial Group nor any of its representatives may give legal advice. Sapphire Blue Investment Partners, Inc. is an independent firm. Hensler and Associates Wealth Management, Hensler Aviation and Physicians Wealth Management are all divisions of Sapphire Blue Investment Partners, Inc. Each division of Sapphire Blue Investment Partners, Inc. is also independent of Summit Brokerage Services, Inc., and all of its affiliates.