Lessons From the Field #21:
Deadlines Make Things Happen
It has been said that, “If it weren’t for the last minute, nothing would get done.” As you watch today’s 55 seconds, you may want to ask yourself:
A deadline is a time-bound goal that brings a sense of urgency to a matter, inspiring you to creatively complete a job before the cut off.
Something is going on now that I have only seen one other time since starting my career in 1982.
High net worth families are overwhelming their estate planning attorneys to finish their plans before December 31st.
It is not often you see people clamoring to update their estate plans! Usually they sit back for years before they take action.
And the law has not changed. So what is the rush?
They are anticipating an estate tax increase next year and want to do all they can to take advantage of the current law before congress gets a hold of it.
Whether a deadline is forced on you, or you choose one for yourself a sense of urgency compels you to gets things done.
What is dragging on in your life that could use a cut-off date?