Is Your Estate Plan Old and Clunky?

David Edwards loves what he does, and it’s obvious because he can connect just about anything to estate planning! In this post, Dave and his dad explore how estate planning is like… old tennis rackets. 

Estate Planning is Like… Old Tennis Rackets

When my parents were first married (around 1967 or so), my mom’s parents gave them each a tennis racket. They were nice sturdy wooden rackets with the frames that you could screw down to keep them from warping.

My parents used them a little, but not too much before they ended up in storage in the attic above the garage. When I was in the 10th grade, I signed up for tennis at the YMCA one summer. Since I needed a racket, my dad proudly offered, “We have a couple of nice ones up in the attic. Barely been used.”

I came home after that first lesson and said, “Dad, the coach said that I need a new racket.” As we shopped for the new racket, my dad later told me he realized just how much things had changed in the past 20 years or so. That wooden racket was really heavy and clunky compared to the new, lightweight metal ones.

Dave and the Taylorville Boys Tennis Team

David Edwards and the Taylorville Boys Tennis Team around 1989

David Edwards and the Taylorville Boys Tennis Team around 1989

Dave’s Dad Tells Us How Old Rackets are Like Estate Planning (And No, Estate Planning is Not a Racket!)

Recently my dad reminded me of this story and thought it would be a good topic for a newsletter or a post. And he was right!

Old tennis rackets are like estate planning… if we’re not careful, our estate plans can become “clunky old wooden rackets” and be really out of date. They just won’t get the job done.

But there’s another great lesson in here, too, concerning our children —

Don’t send them out into the world with “clunky old wooden rackets.” Be sure to give them the training and the tools they need to face what lies ahead.

Our firm is pretty unique in that we work with the whole family to draft an estate plan that is effective. That means that when the time comes to put your plan into action, your kids will already have met us, know who to call, and we will help guide them through the process during one of the most stressful times of their life. What better tool to get the job done?

If you’re new to Edwards Group and wondering if we’re the right estate planning firm for you, please check out our FREE workshop, Aging With Confidence: 9 Keys to Wise Planning & Peace of Mind. We hold it every month and it’s a great way to learn:

  • that planning must include both estate planning (death planning) and LIFE planning.
  • the 5 life stages to plan for and which one you’re in.
  • simple planning steps to take on your own — plus options for additional guidance from the Edwards Group team.

Call 217-726-9200 to save your spot at an upcoming workshop or to schedule an Initial Meeting.