Estate planning is something that many people avoid. It is perplexing because having a good estate plan not only protects you but it protects your loved ones and beneficiaries once you are gone. In spite of this, many people simply continue to put off estate planning with a litany of excuses. Unfortunately without a good estate plan they may end up costing themselves or their loved ones in the end. Here are some of the more common excuses as to why people avoid estate planning:

They Don’t Understand the Importance

In the age of the self-service and internet based legal document preparation, many people think that they simply don’t have to do any estate planning. One day they will log on to the legal assistance website and fill out the forms that they need for their will and be done with it. They couldn’t be more wrong.

Estate planning is about more than just having a will in place for assets. Executors, powers of attorney, the formation of trusts and how to handle assets for a spouse are all critical parts of estate planning that are simply missed by this process. Having a full understanding of what estate planning entails will help to ensure that your loved ones, your assets and you are all protected when the worst happens.

People Avoid Discussing Death

Thinking about your own mortality is an unpleasant thing to have to do. Unfortunately, that is what estate planning is all about. Many people avoid this simply because the topic makes them uncomfortable. Some even believe that talking about a think can make it happen.

Don’t worry; wanting to avoid talking about the inevitable is normal. Most people don’t want to think about it or discuss it. The thing is – estate planning can actually serve to bring about peace of mind for you and your family.

Ultimately, estate planning should be looked at as taking care of your loved ones and beneficiaries. By having an estate plan, you deal with topics other than just what will happen when you are gone. It may also help to prevent a family squabble or fight over what you leave behind. Take the time to get past those uncomfortable feelings so that your loved ones are taken care of when you are gone.

There is No Time

Life is busy and estate planning takes a good deal of time. When avoiding something that you really don’t want to do, it is easy to come up with a list of other things that just has to be done first. Estate planning doesn’t have to be done all at once and doesn’t need to happen during one long session. Planning can be broken up over several visits and can be fit into busy schedules.

Don’t let lack of time prevent you from taking care of your loved ones.

Let Us help with Your Estate Plan

Stano Law group has the expertise you need to get your estate plan done. Contact us today.