While it’s difficult to warn against overpreparing, the issue with super-detailed planning is that any slight change in the situation can make the plan obsolete. The need to plan for our future should be balanced with the recognition that the future will be different from the present.
It is difficult for any attorney, accountant, insurance agent or investment advisor to warn people about overpreparing for the future. So many people have not prepared for their personal, financial, professional and medical futures that it can seem like everyone has the room for more planning, particularly more detailed planning.
With that being said, the problem with super-detailed planning is that any slight change in circumstances can make the plan obsolete or ineffective.
Read Lee’s full post about flexible planning in the Lima News here: Legal-Ease: Plan and prepare, but don’t overdo it
Source: LimaOhio.com, “Legal-Ease: Plan and prepare, but don’t overdo it,” by Lee R. Schroeder, April 6, 2019
Lee R. Schroeder is an Ohio licensed attorney at Schroeder Law LLC in Putnam County. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at Lee@LeeSchroeder.com or at 419-659-2058. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.