Estate planning is all about preparing for a future that you wonโt be around to see. Not a pleasant task. Thatโs why many people put it off. They donโt want to think about a world without them in it. It scares them.
But those fears result in procrastination, indecision and inattention, says a story on financial-planning.com.
Fear is a big reason for procrastinating, the story says. Plus, they are busy in the here and now. But the story says people should actually fear doing nothing.
People often put off action because of indecision, the story says. They canโt decide on a guardian for their children, for example. But that choice can always be changed, it notes.
Inattention is also a problem. Maybe you have a will but it hasnโt been revisited in years. Things can change in time. Thatโs why it is important to take another look at your will every year or so.
If you have questions about estate planning, feel free to call us for a consultation at (626) 696-3145.
