The Tour de France is one of the most interesting events in sports. It has been the site of both incredible triumphs and defeats. The Tour de France, for those who might not know, is a men’s bike race that cycles all around France. The race does extend into a few other countries, but it predominantly focuses on France. It is televised, so people can cheer on their favorite racers and see how well they do.
The Tour de France is a lot like life. You give your all, and you never really know the exact outcome or what you will get for your efforts. The Tour de France has been around since 1903, and athletes who compete have learned a lot about what it takes to prepare for such an arduous task. Much like these athletes, you also can prepare for the ups and downs that come with the “Tour de Life.”
Coasting: When Things are Easy
Life for you (hopefully) isn’t all twists and turns. There are periods of tranquility, and it is easy to get complacent during these periods, as nothing is going on that requires your immediate attention. However, during these peaceful periods when no one is sick, or family members are not fighting, or it otherwise is calm and tranquil, you should consider doing your estate plan or will drafting.
There is an old saying that says, “If you want peace, prepare for war.” While, certainly, this isn’t literally applicable to our lives today, the sentiment is the same. Use downtime to make sure things are in place for turbulence. That means organizing a healthcare directive, picking a POA, getting your assets squared away for after you pass on, and more. Do it now, so that you don’t regret it later.
The Ups and Downs of Life
Sadly, there will be times when that coasting period ends, and things get tricky. This is where the above documents will come in handy. A good example of this is the POA (power of attorney) or the healthcare directive. Let’s say that one of the “downs” of life is you getting sick.
If you’re really sick, you might be incapacitated and unable to communicate effectively. A healthcare directive prepares for this. You’re able to communicate your wishes through the directive to the doctors, nurses, and hospital staff, ensuring that you get the medical treatment you want even in times where you can’t communicate it.
Don’t Fall Asleep at the Wheel
So, you’ve made your estate plan—now what? Well, first, good for you. You’ve prepared for any eventuality, and that should give you peace of mind. Now, it’s important not to fall asleep at the wheel. If there are changes in your family (new spouses, new family members, etc.), you will want to ensure that your estate plan reflects that. Don’t allow change to build up. If something happens, you don’t want to be bound to a plan that doesn’t reflect the new dynamics of your family.
Thinking of Your Family
Of course, your primary focus should be your family. When deciding how you want to divide your assets, make sure you are thinking about the best interests of yourself and your family. By communicating with them, you will ensure that your will best reflects the best division possible. This also applies for selecting a POA or guardian. Check with the proposed family member before nominating them to make sure you’re on the same page.
During life, there will be ups and downs. It’s best, during the “ups” when you’re coasting on a flat surface, to prepare for the downs and what might happen. Just like the Tour de France athletes prepare, so should you.