Young and even middle aged people often feel invincible, thinking a tragedy will never strike them. They may avoid estate planning, such as preparing a Health Care Proxy, Power of Attorney, Living Will and creating a Last Will & Testament. This was not the case for Luke Perry, the actor who rose to fame as the star of Beverly Hills 90210, who suffered a massive stroke at the young age of 52. He left his family the final gift of estate planning.
Allow Loved Ones to Grieve: After 5 days, Luke Perry’s family decided to remove life support, which means he likely had proper legal documents in place, such as a Living Will. Making sure your wishes are properly documented takes the decision-making burden off your loved ones. This is invaluable at a time of such emotional distress. It allows loved ones to spend time grieving and supporting each other instead of carrying the burden of making these impossible decisions.
Protect Your Family: Luke Perry had a Will leaving everything to his two children. Family relationships can become quite strained when someone dies, especially when it comes to dividing the assets. Preparing a Last Will & Testament ensures that your assets pass to the individuals you choose.
In the wake of so many celebrity deaths where the individuals did not engage in estate planning, it is refreshing to see that Luke Perry, the youngest of them all, took steps to protect his family.
This tragic death serves as an important lesson: You are never too young to plan. No one expects to die young and having an estate plan is the best gift you can give your family.
You’re never too young or too old, too rich or too poor
to protect your assets and your family.