Find Someone Who Speaks Your Language
My dad’s estate plan confused him. He was an intelligent man, but the attorney’s complex legal language might as well have been in a foreign language. But Dad was too proud to speak up (or too embarrassed about his confusion) and never told anyone he was unclear.
Clear language is everything. My wife, Lori, spent several months in China after college. She learned before her trip that Chinese taxi drivers will nod yes, even when they’re unclear about where you need to go. She was prepared by having her destinations written in Chinese by a local translator.
Using that method, Lori navigated through China with confidence and peace of mind. When a plan is written clearly, it increases confidence and makes the process of communicating the plan to others much simpler. By sharp contrast, the legal jargon of my father’s documents created a language barrier that was never overcome; and in the end, my family paid the price (not the lawyers or advisors).
Approach your wealth planning working with someone who speaks your language and is ready to help you fully understand your plan’s intentions—and leave the jargon for the lawyers.
Wealth is more than money. Don’t just plan for your future, live it right now. Pass it on and share the insights like this that you find valuable.
“Life is really simple, but we insist on making it complicated.”