When I meet with people about estate planning, I often hear the same comment. They are embarrassed they haven’t done this sooner. They tell me, almost in a confessional tone, how they’ve procrastinated and have been thinking about getting their estate plan in order for a long time. If this is you, you aren’t alone. The truth is that life gets busy, and sometimes, the most crucial tasks are the ones we put off the longest. But here’s my challenge to you: make this the year you get your estate plan done. Here are three reasons you should move this to the top of your list:
1. You Don’t Know How Much Time You Have
Life is unpredictable. While it’s uncomfortable to think about, the truth is that none of us knows how much time we have left. In our practice, we also meet with families of loved ones who have passed. On a regular basis, we will be told that the person who died was thinking about/talking about/in the process of updating their estate plan. But it didn’t happen, and so it doesn’t help. Sadly, the law doesn’t matter what they intended to do, only what they did. These folks assumed they had more time. Please don’t let that happen to your family!
[Related Resource: Why Estate Planning Is Important]
2. It Won’t Take as Long as You Think
Many people postpone estate planning, believing it will be a long, drawn-out process. Everyone’s situation is unique. However, we frequently surprise clients with how quick and easy the process is compared to their expectations. (It’s something people frequently mention to us and in our reviews). Also, we frequently tell clients that done is better than best. If you are content with a good estate plan (as opposed to perfection), it will almost certainly take less time and energy than you fear.
3. You Will Feel More Confident and Peaceful When It Is Done
Our team loves meeting with clients to sign their documents. It’s honestly one of the best parts of the job! Our clients have an undeniable sense of relief and accomplishment. You can tell a weight has been lifted off of their shoulders, and you will, too!
[Related Resource: What Is Involved in Estate Planning?]
Hopefully, these three reasons are an encouragement for you to prioritize estate planning. If you have been putting this off, stop. Make this the year you achieve peace of mind and a secure future for your loved ones. At Relational Law, we’re here to guide you every step of the way, ensuring that your process is as smooth and stress-free as possible. Please give us a call if you have any questions or would like to get started. Also, if you have already done this, congratulations! But don’t keep it to yourself. Tell someone you know who hasn’t done this that they should get started.
Disclaimer: The information you obtain in this post is not, nor is intended to be, legal advice. This blog shares general best practices when navigating Virginia or West Virginia law, but you should consult an attorney for advice regarding your individual situation.