You've worked hard for decades to build a good legacy, a good name, for your loved ones. Now that you are ready to enter your golden years, it's important to have peace of mind in all aspects of life - whether it be physical health, mental health, emotional stability, a level of spirituality, and financial stability.
Dr. Bill Hettler, co-founder of the National Wellness Institute (NWI), identified six dimensions of wellness that every person should continue to develop throughout their life to attain holistic wellness—physical, intellectual, social, emotional, spiritual, and occupational.
An additional aspect is financial wellness or financial health. But at this age, it's not just about how much income you earn. It should also include the aspect of securing your estate, making sure your affairs are in order, and ensuring that your heirs and loved ones are taken cared of.
In his best-selling book "Thy Will Be Done: Understanding the What, Why, and When of Estate Planning,"estate lawyer and author Atty. Angelo M. Cabrera, RFC, said that people should be "concerned with discovering the best and most efficient scheme of, not only building and growing his wealth further, but also eventually apportioning the same not only for the benefit of those he is required by law to provide for, but also for the benefit of other persons, cases, or activities that he wishes to partake of his good fortune."
He adds further: "A good (estate) plan is one that considers and addresses all three objectives - creation, conservation, and distribution. Ultimately, it should be able to provide maximum benefit and satisfaction to the estate owner and his family, and more important, ensure peace and harmony in the family."
