Kent Larsson writes about the proper use of wills, advance directives, trusts, and other estate planning tools, and how how they play a vital role in you receiving proper medical care and helping you to preserve and pass on your assets to your loved ones.
This is one area where you have a limited time to put off the task.
If you procrastinate and it carries over into estate planning, you should recognize that time will indeed run out on that issue, according to the Twin Cities Pioneer Press in "3 moves you should make in the first 3 years of retirement."
If you have managed to put off estate planning until after you have retired from work, then now is the time to stop putting it off.
With any luck, you will still live many more years. On the other hand, estate planning is about more than just deciding what happens to your possessions and assets after you pass away.
It is also about securing your own final years and making sure you have powers of attorney and advanced health care directives in place, should you ever need them.
In the end, estate planning gives you peace of mind in knowing that your family will be okay after you pass away and that you will also be okay should you ever need help.
Reference: Twin Cities Pioneer Press (June 17, 2017) "3 moves you should make in the first 3 years of retirement."