While You're Working on Your Golf Game, Don't Forget to Work on Your Estate Plan

1. The Long Game: Planning Ahead Pays Off

Like golf, estate planning is about strategy. You don’t wait until the 18th hole to decide how to play your round — and you shouldn’t wait until a crisis to plan for your estate.

A well-crafted estate plan ensures that your assets are distributed according to your wishes, protects loved ones from unnecessary taxes or court battles, and gives you peace of mind knowing your affairs are in order.

2. Avoiding the Hazards: Common Estate Planning Mistakes

Even seasoned planners can fall into traps. Here are a few “sand traps” to avoid:

• Not updating your documents: Life changes — so should your will and trust. Major life events like marriage, divorce, or the birth of a child should trigger a review.

• Ignoring incapacity planning: Powers of attorney and healthcare directives are crucial for when you can’t make decisions for yourself.

• Failing to fund your trust: Setting up a trust is only half the job; transferring assets into it is what makes it work.

3. Tee Up Your Legacy: Key Tools for Estate Planning

Estate planning isn’t one-size-fits-all. The right combination of tools can make all the difference:

• Last Will and Testament: Directs how your assets are distributed after your death.

• Revocable Living Trust: Helps avoid probate and offers privacy for your estate.

• Durable Power of Attorney: Allows someone you trust to manage your financial matters if you’re incapacitated.

• Advance Healthcare Directive: Ensures your healthcare preferences are honored.

These documents are like the clubs in your bag — each one has a purpose, and together, they help you navigate the course smoothly.

4. Stay on Course: Review and Adjust Regularly

Golfers know that conditions change — wind, terrain, even the equipment. Similarly, your estate plan should be reviewed at least every few years to adapt to:

• New tax laws

• Shifts in family dynamics

• Changes in financial goals or assets

Think of your estate plan as a living document, not a one-time project.

5. The 19th Hole: Peace of Mind

The best round of golf ends with a sense of satisfaction — the same feeling that comes from having your estate plan complete and current. You’ve played the course wisely, avoided the hazards, and ensured a strong finish.

So while you’re working on your short game, take a moment to work on your long game — your legacy.

🏌️‍♂️ Pro Tip: Just like you wouldn’t play a round without the right coach, don’t tackle estate planning without guidance. Consult an experienced estate planning attorney to ensure your plan fits your goals and the laws of your state.