Estate Planning might not be the hottest topic amongst younger crowds, but the unfortunate reality is that you never know when or what you need to be prepared for. Whilst less common for younger people to be struck by illness, it does happen.
Scott Sullivan of Brisbane, who was diagnosed with Motor Neurone Disease (MND) at just 38 years young, was someone who knows this all-too-well. MND is an incurable disease that has claimed the lives of many. Stephen Hawking, a famed cosmologist, has attracted media-attention for this disease for many years and by all accounts, should have died from it eons ago. It is a disease which claims your physical mobility. Your mind stays active, alert even, but there is no response from your body to take simple instructions; eventually it claims your ability to speak and even breathe.
At the time of diagnosis, Scott had no Life Insurance. He had given thought to it, but that is as far as he got. Luckily, he had success in his job and as such, was able to afford to live out the remainder of his days without concern for the financial security of his wife and two young children. Scott and his family found themselves in an extremely difficult and confronting situation that could happen to anyone without a moment’s warning. MND is not hereditary and like many diseases it strikes without notice.
As difficult as it may be, talking through and sorting out your Estate Planning, could eliminate a sea of challenges during the hardest of times. Start the conversation today and prepare both yourself and your family for the future.