Many things can stop you from creating an estate plan. What’s holding you up right now? Are you taking a risk with your future?
Once you know what’s standing in your way, you can take the steps necessary to overcome procrastination. Here are three of the most common reasons for holding off on estate planning.
1. Lack of knowledge
If you don’t have much or any knowledge of estate planning, there’s a greater chance that you’ll put it off. But remember this: there’s help to be had. You don’t need to know the ins and outs of estate planning to create an estate plan. You can lean on an attorney for guidance.
2. Lack of time
When time is tight, the last thing you want to think about is estate planning. However, continually putting this off is a mistake that will catch up to you soon enough. Just the same as a lack of knowledge, turn to an estate planning attorney to guide you through the process. They’ll ensure that you’re moving forward in an efficient and effective manner.
3. Assuming you don’t need an estate plan
This one is simple: you’re not creating an estate plan because you assume that you don’t need one. This is very rarely the case. If you don’t have an estate plan now’s the time to take action. Even if you’re young, single, and just starting to build assets, you still need an estate plan.
No matter what’s stopping you from creating an estate plan, don’t wait any longer to get started. Set a deadline and make a promise to yourself to stay the course. If you need any assistance, contact our law firm online or via phone at (512) 258-9455 to schedule a consultation with an estate planning attorney.
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