Though it is unpleasant to think about, you must accept the fact of life that you are not going to be around forever. So, the fact of the matter is that there is no legitimate reason to procrastinate in creating an estate plan. Yet, people still commonly fail to take the proper initiative. Follow along to find out the common reasons why people put off creating an estate plan and how one of the talented Butler County estate planning & probate attorneys at Heritage Elder Law & Estate Planning, LLC can help you take this first step.
What are the typical reasons why people put off creating an estate plan?
A common misconception when it comes to estate planning is this process should begin when you are of retirement age or otherwise in your golden years of life. Rather, the truth is that you may never be too young to begin getting your affairs in order. This is because, unfortunately, you may never know which day is going to be your last. We wish nothing but for you to live a long and healthy life. But if any illness, accident, or extenuating circumstances arise, you may want to ensure that you leave your loved ones behind with financial security. Of note, a valid and enforceable estate plan may just be the only way for you to have your loved ones avoid the emotionally and financially draining process of probate court.
Another common misconception with estate planning is that it should begin when you have accumulated enough high-value assets. Instead, it is possible for you to pass down just about anything to your loved ones. This may even include family heirlooms that do not hold monetary value but rather sentimental value. You must remember that estate planning is not just for wealthy individuals. In fact, the probate court may just take a higher percentage from smaller estates.
How can an attorney help me take this initiative?
Understandably so, you may be overwhelmed with the concept of planning ahead for a time in which you are no longer around. Rest assured, an estate planning attorney may make this process as comprehensive as possible. They may use their experience to advise you on what plan may work best for you. They may even help you track down the necessary documents to establish it. All throughout, they will move at the pace you are comfortable with and they will go back to make changes as you wish.
Regardless of what your specific circumstances may be, you must not second-guess your instinct to retain the services of one of the talented Butler County estate planning attorneys from Heritage Elder Law & Estate Planning, LLC. Schedule your initial consultation with our firm today.