Do not dismiss the power of answering the “Why?” Here are four of its superpowers:
If you are going to make your niece cart around a sitting Buddha sculpture for her remaining days as part of your last will and testament, you could at least tell her why!
Wills and estate plans by nature focus on the what and often neglect the why. And that’s if the will even references an itemized list of tangible assets! The reality then is loved ones may act out of obligation to respect your wishes and hang onto the items you give them but with a tinge of disgruntled acceptance.
2. REDUCED CONFLICT
Imagine two people who feel equally attached to an object that once belonged to a deceased loved one. In the will, the object goes to one of those people. To squash any potential disappointment or misdirected anger at the recipient, the owner could share the why and explain the bond between the person and/or object and recipient. Closure, in this case, is another great gift of the why.
3. LASTING MEMORIES & LEGACY
Your loved ones want to remember you. But memory is fickle. And sometimes, that's your own doing. Did you make up three different versions of events as to how that painting came into your collection? Did you ever tell the story? Set the record straight with any combination of photos, video, audio, and a brief (or long!) story as you Artifct the truth of that object.
4. BETTER PREPARATION
How many of you reading this have an up-to-date will or estate plan? Odds are you do not, at least according to a report from Caring.com, which said that two out of three US adults and half of UK adults do not have a will.
Introducing items you cherish into your plan and/or at least into the discussion if you're working with a real live estate planning attorney helps to ensure that your assets will be directed to the correct people, your wishes carried out. It also helps the professionals you rely on to guide you to better understand you and support the full scope of your financial, insurance, tax, and estate plans.
Join us tomorrow as we discuss these themes and more during Evenings with Artifcts, with guest speaker Dutch Miller. RSVP now >
Did we miss a superpower of “why?” Let us know at Editor@Artifcts.com and we may feature your addition!
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