That’s the question The Huffington Post asks in a new article about delays in estate planning. Most people’s answer, they guess, is no. After all, it isn’t exactly a pleasant thought on which to meditate. But then someone passes away, and it reminds us how unexpectedly death can come, as was the case for HuffPo’s David A. Dedman.
He walks through four reasons that people often delay in executing an estate plan. As you might have guessed, they aren’t very good reasons. We’ll share them below and tell you, in turn, why they don’t make much sense:
Too busy. Dedman calls this one out for what it is: an excuse. The truth is that everybody is busy, but important things demand our attention nonetheless. This is one of them. You need an estate plan before it’s too late — and you never know when it will be.
Out of sight, out of mind. It’s simply easier to avoid thinking about estate planning and/or death. But just because something isn’t fun doesn’t mean it’s not worth doing. You need an estate plan whether you want to think about it or not. Dedman says it’s better to do it while you’re healthy. We agree.
The “I’m not rich” rationale. A lot of people think they don’t have an estate to plan for, but that’s almost never true. Even your most basic assets — house, car, bank account, music collection, etc. — are valuable to the people you’ll leave behind. Anyone can benefit from an estate plan, and it’s actually better to devise one before your estate grows more complex later in life.
It’s complicated. Well this one’s true. Estate planning is That’s where we come in. An experienced New Jersey estate planning attorney can handle all the headache for you. It’s what we’re here for.
Ready to bid adieu to the old procrastination habit? Give us a call! We’ll get you going in no time. Contact Medina Law Group today.