I came across a study done in 2015 that revealed that 64% of American adults do not have a formal estate plan. That is a large number of people who, for various reasons, have failed to address one of those inevitable issues we all must face; our own mortality and how to plan for it. I get it. Almost any issue is more fun to think about than our own mortality, and there are much more enjoyable activities we can engage in than sitting down with an attorney to plan our estate. As a result, the big, bad procrastination monster convinces us that planning our estate can be done another time. After all, the procrastination monster is kind of scary and we don’t want to make him mad. So we choose to obey the monster and procrastinate.
As one who engages in these issues on a daily basis, let me encourage you to take a different approach with a different perspective. Let’s start by recognizing that there is a great deal at stake with estate planning. Whether we have a small estate or a large estate, we all have an estate that needs to be dealt with. In fact, estate planning is one of the few things in life that involves everything we own and everyone we love. That is a big deal. As such, I strongly encourage you not to take a “bucket list” approach to the subject and just get it done so we can check off the “estate planning completed” box. In a world where things either work or don’t work, I recommend we take the time to plan out our estate well and do it right.
Given the fact that the procrastination monster is lurking to attack us if we dare to hesitate, let’s address the main weapons the monster uses against us to keep us from taking care of something that is critically important. Don’t let the monster, no matter how scary he may appear, stop you from protecting yourself and your family:
The truth is that estate planning is too important to be delayed or avoided by procrastination. By taking steps now, we can avoid, or at least minimize, unnecessary expenses, aggravation and even heartache for our family later. We should not rush through our estate planning with a “get me a document and I am outa here” approach. Your estate takes a lifetime to create. It is certainly worth spending more than a few minutes to seek expertise and guidance on the best way to protect it, disburse it, and to ensure that unanticipated problems do not ruin your family or your wishes for them after you are gone.
We can help you get organized, know your options, determine your individual goals and create a plan that is right for you and your family. We will also discuss a commonsense approach to keeping your plan current and your family well educated about the ongoing process, all while addressing the overall costs of estate planning. Once you call on us to assist you in your estate planning, we will come alongside to walk you through the process safely and help you slay the procrastination monster.