Surprising numbers of people are going through life without a last will or a living will. In fact, the percentage of people who do not have an estate plan in place exceeds that of those who do. This is rather remarkable when you think about it.
Compare this to auto insurance. Of course we are all required to carry insurance, but suppose this requirement did not exist. Only the most irresponsible of people would choose to risk their investments in their automobiles by not carrying insurance. And this is with the knowledge that they are probably not going to total their cars.
Yet, everyone is going to die for sure but most people don’t have an estate plan in place.
You may say that you’re a risk taker and you will get around to it when you get around to it. This is well and good, but if you die without an estate plan or become incapacitated without having executed a living will it is your family who will be paying the price. This is something to keep in mind if you are one to adopt a cavalier attitude with regard to estate planning.
It is really not that difficult to take action and execute these important documents. All you have to do is make a simple phone call to a good Middlesex County estate planning lawyer, set up an appointment, and record your wishes in a legally binding manner for the well-being of those that you love.
- What Is the Best Way to Plan for Incapacity? - September 17, 2021
- What Is an ILIT? - September 14, 2021
- Estate Planning for the Beginner - September 3, 2021
