By Melissa Reynard
The average American spends $935 over the holidays each year. Combine that figure with an average credit card debt of $8562 and you call tell Americans love their shopping. And who doesn’t? The holidays are a season of giving and there’s nothing better than seeing the expression on your loved ones faces as your grandson opens his new video game or your daughter oohs and aahs over her new chainsaw. And we think nothing of spending this money for their happiness.
Out of that figure of $935, $452 is just for family gifts alone. But there’s another great gift out there that you can get for your family. And while its not one that you would normally think of, or even share with your family right away, it could be a stupendous benefit and helper. That gift is estate planning.
With estate planning you can be sure to help your family even after you’re gone. With an Elder Law Attorney, you can prepare Powers of Attorney, Trusts, Healthcare Directives and other important tools that make up estate planning. Having these documents prepared is putting you one step closer to making things easier for your family in the eventuality that something happens to you.
Give your family a different kind of gift this year. Give them peace of mind.
Something to leave you with: despite the average American spending $935, they only plan to spend $646. Is your planning accurate?
American Consumer Credit Council