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Are You Using One of These Excuses to Avoid Your Estate Plan?

There are many different research studies that explore the number of people in America and other countries who don’t have an estate plan in place. Often it is the wakeup call of experiencing the loss of a loved one that points you to reconsider your lack of an estate plan. 

Some studies have even found that the wealthy are no better prepared for a transfer of assets than middle income Americans. In fact, only 10% of Americans who earn between $100,000 and $150,000 a year have an up to date will. There are four primary reasons that most people are likely to skip out on the estate planning process.

None of these should be at the forefront of your mind if you’re thinking about how you can best protect your family. Many people say they simply haven’t gotten around to it but nearly 30% of people say they don’t have enough assets to leave to anyone, and half of people argue that they don’t believe their assets are worth enough to worry about estate planning. Finally, over half of Americans have reported that they believe it’s difficult to find an advisor they trust to create an estate plan. An estate plan is about so much more than the transfer of your assets.

It’s also about giving your loved ones the peace of mind that you have taken into consideration health care concerns and long-term care decisions that could impact them. Schedule a consultation today with an estate planning lawyer.

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