Why Do People Put Off Creating Their Estate Plan?

woman with grandaughter

People put off creating an estate plan for many reasons, but we are here to say that none of your excuses are good enough! Even if it seems like you have a good reason to put these plans on the back burner, a Monmouth County estate planning attorney from our firm can show you why delaying is just not a good idea.

What Are the Common Reasons for Not Making an Estate Plan?

We have heard all kinds of stories and excuses about why someone does not want to make an estate plan just yet. Some common excuses include:

Age: Many people think that they are not old enough to need an estate plan, but illness and injuries do not discriminate by age. It can be unpleasant to think about, but you should be prepared just in case you pass away or become incapacitated by illness or injury sooner than expected.

It is confusing: Making your own estate plan can be difficult. That is why we recommend using our law firm. Our knowledgeable estate planning attorneys can help you make legally binding documents and ensure that all of your beneficiaries are taken care of.

I do not have much: Some people think that only the rich need estate plans, but this is not the case. Even if you have not earned an exorbitant amount of wealth, there are probably things that you want to pass down to loved ones. An estate plan helps you do that.

I only have one child: Some parents think that there will not be a fight over the estate because they have just one child. That might be true, but you should make sure that your beneficiary is protected by laying out a proper plan.

What If I Do Not Have an Estate Plan?

The cost is another reason that some people put off estate planning. This is one of the worst reasons to delay since people who die without an estate plan have their assets go into the probate process with the courts. This allows the court to split everything up and it costs your loved ones a significant amount of time and money.

So just have yourplan made and be sure that you are not creating more expenses and headaches for your family members later.

Do I Need a Lawyer?

Yes, having a professional on your side when making an estate plan is highly recommended. You may be able to find slime forms online that make estate planning seem easy, but a seasoned estate planning lawyer can ensure that you are signing binding documents and that you know exactly what affects

Contact Our Law Firm

If you are ready to make estate planning a top priority, contact the Law Offices of George J. Mardinly and schedule a consultation. We can tell you more about how we can help you make an estate plan and let you know just how beneficial it is to have everything in order for your family.