For most of us, dying routinely gets pushed way back to the outer limits of our consciousness – until someone close to us passes away. That’s when many people learn of how fragile we are, how short our lifespan is, and what kind of a legacy we like to think we will leave behind.
If you don’t have a will, or an estate plan, chances are good that the legacy you will leave behind will be an expensive and time consuming legal and financial disaster that your loved ones will have to deal with.
Here’s why most people don’t get around to taking care of their wills:
No time. We’re all busy. But some things are so important you have to take the time to get them done—like estate planning. At the head of this important task: naming your beneficiaries and an executor.
I don't want to think about dying. Neither does anyone else. This is the single most common reasons people create no estate plan with an estate planning attorney. Our advice: do this right now while you are healthy. Who will get custody of your minor children, who do you want to get your money, and who will handle your funeral arrangements? Some of us don’t like flossing or balancing our checkbook, but we do it – and it saves us and our families’ avoidable headaches.
I don't understand it. Yes, we hear that a lot. But it’s no reason to neglect estate planning. We can help examine your estate and educate you on the options. Maybe you don’t need a complicated trust, but you should have a will. Do not forget your legal planning for incapacity, which is almost as likely as your eventual passing. If you become incapacitated from an accident, do you have a plan in place to pay your bills and make key decisions regarding life support? These are unpleasant questions – but they need to be dealt with.
I don't really have much of an estate. Maybe you don’t. But if you have a family, own a home, and possess any assets, you need a will. We can help you with all of the issues. If you chose not to have a will or a named beneficiary, the probate process can be a nightmare for your survivors.
If you have questions, call our office – we can help.