• Why Choose
    Our Firm?

    We limit the number of clients that we have at one time, allowing us to focus on your case.

    Personalized Representation
  • Know the
    Benefits

    Find out if you and your family can benefit from our elder law planning services!

    More Information
  • Dedicated & Experienced

    Our firm exclusively handles elder law concerns so your family can obtain peace of mind.

    Meet Your Attorney
  • Complimentary Consultation

    Let us help. Request your consultation today and we will be in touch.

    Contact Us Now

Estate Planning - Is it an Expense or an Investment?

You open the mail and there is the bill for the homeowner’s insurance. The house is still standing and hasn’t been destroyed by termites, fire or a hurricane so the bill to pay for “what if” feels like an expense. However, the moment after the house is damaged by termites, fire or a hurricane, having paid the bill feels like a wise investment.

The same scenario occurs with the life insurance, long-term care insurance and disability insurance bills. It is hard to part with the money to insure against “what if” when things are fine but as soon as “what if” raises its ugly head, we are thrilled we had the forethought and discipline to make such a wise investment in our wellbeing and the wellbeing of our families.

I have seen people have the same debate with themselves when it comes to putting their estate plans in place. They feel fine and can’t imagine that death or incapacity is lurking right around the corner so to pay for advice and guidance in putting together a “what if” legal plan for death or incapacity seems like an expense. Tomorrow often looks like a better time to incur that expense; until tomorrow is the day “what if” occurs and then it is too late to make a wise investment.

The economy has made most of us reevaluate our expenses. Evaluating the need for an expense can be a responsible and prudent thing to do. However, be mindful of the penny wise but pound foolish trap. A saved estate or incapacity planning expense today could cause hardship and loss for you and your family tomorrow. Don’t gamble on tomorrow as the best day to plan for you and your family’s wellbeing, invest in it today.

  • Why Choose
    Our Firm?

    We limit the number of clients that we have at one time, allowing us to focus on your case.

    Personalized Representation
  • Know the
    Benefits

    Find out if you and your family can benefit from our elder law planning services!

    More Information
  • Dedicated & Experienced

    Our firm exclusively handles elder law concerns so your family can obtain peace of mind.

    Meet Your Attorney
  • Complimentary Consultation

    Let us help. Request your consultation today and we will be in touch.

    Contact Us Now

Contact Us

Edwards Elder Law, P.A.
St. Petersburg Elder Law Attorney
Located at: 2510 1st Ave. N.,
St. Petersburg, FL 33713
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Phone: (727) 755-5808
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Disclaimer

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.