A whopping 60 percent of Americans are not prepared with an estate plan if something happens to them. It is understandable that planning for death is never an easy task, but the consequences that could come from not having a will are much greater.
Here are some of the most common excuses why people don’t have an estate plan, and how Thornton Law Firm can help you overcome them:
- Too Busy. Many Americans say that they are simply “too busy” with everyday life that they have not had time to think about it. Estate planning does not have to be overly time consuming. Yes, there are big decisions to think about, but having the assistance of an experienced professional can be of great benefit. Chad with Thornton Law firm is a business owner and father of two who knows how busy life can get. Therefore, he conveniently comes to you! That is right – he will travel to you and offers night and weekend hours.
- Not Enough Assets. A common belief is that only wealthy people need an estate plan. This is not true at all. Everyone needs a plan for when their final day comes. More than likely you have some assets that you’d want loved ones to have. Also, an “asset” that may not instantaneously come to mind are children. They are our biggest assets, and an estate plan is where we document who we want to take care of them and how they would be taken care of if something were to happen to us. Even small estate plans should have a will, living will, health care proxy, and durable power of attorney. Not all of these documents have to do with financial assets.
- Too Young. Believe it or not, you are never too young to start planning. Death may seem a long way off for those who are of younger generations, but unfortunately sometimes we are faced with the unexpected and no one wants to leave their loved ones with the added stress of having to make such important decisions for us.
- Not Ready. Some people may not be ready to make such hard decisions. There is no rule that states you must choose family members as beneficiaries. At Thornton Law Firm, we have experience tailoring estate plans to meet your desires, even when dealing with complex family dynamics. Also, an estate plan can be always be updated if your situation changes. In fact, we recommend that you review your estate plan at least once a year.
In all honesty, no one wants to face the fact that their final day will someday come. Take the first step by asking those close to you about their experiences when making their will. By hearing their experiences, it can take away some of the stresses of making such important decisions. We at Thornton Law Firm have the knowledge and experience to help guide you through the process with ease! Give us a call today!