Have you heard the news? Pope Benedict XVI will be the first pope to step down from his post in 600 years. Beyond the future-trivia questions, any question of religious affiliation, or the political scandals, there is a lesson to be learned and some important personal questions to be considered against this historic backdrop.
While you may not have the same problems or responsibilities as the Pope, have you reflected on your own future and when may be time to step down? This especially is true if you have no mandatory retirement age for your position.
A recent Marketwatch article titled “Retirement lessons from Pope Benedict” explored this timely issue. Whether you are the Pope, a business owner, or even a CEO there is always the question of succession. Be sure to consult with your financial advisor and tax advisor.
Make sure your ‘Life & Estate Planning’ is reviewed and properly updated!
So, if you are responsible for millions of souls or just a few, the basic teaching point is the same. As the Boy Scouts famously advise – be prepared!
Have you or your elderly loved ones got your affairs in order by updating your Will and Trust so that your home and cash assets are protected?? There has been many changes in laws and your life that may have impacted your estate plan. Call us for a review!
If you have any questions or would like to schedule a consultation please call Attorney Patrick Kelleher at 781-871-PLAN (7526) or by email at Pat@myfamilylifeplan.com
Our firm helps families taking care of them for life. We not only “create” their Will and Trust, but we “maintain it and keep it updated” for them throughout their life! The meter is not running for our ‘Client Care Plan’ members!
Patrick J. Kelleher is a South Shore, MA resident and estate planning attorney serving and protecting families and businesses in the South Shore, MA area. For more information on estate planning visit our firm’s website at www.MyFamilyLifePlan.com where you can check out our Blog, free Newsletter library, free Estate Planning Channel on Youtube and sign up for a Free e-Newsletter!
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This article is not intended to provide legal or tax advice or create or imply an attorney-client relationship. No information contained herein is a substitute for a personal consultation with an attorney.
Reference: MarketWatch (February 11, 2013) “Retirement lessons from Pope Benedict”