Often, people are torn or indecisive about how to set up an Estate Plan. As a result, they procrastinate and put off the process for as long as possible. In some instances, such procrastination can lead to unintended consequences. The purpose of this blog post is to provide some general information regarding the delay of implementing an Estate Plan.
Here are some of the common reasons why people hold off on preparing an Estate Plan:
Here are some potential consequences for procrastinating on preparing an Estate Plan:
Procrastinating on preparing one’s Estate Plan can have unintended consequences. With families possibly being thrown into turmoil as a result of poor, or in some cases, no estate planning, it is understood that there is importance in proper estate planning. It is important for a client to see the value in preparing an Estate Plan and finding the right attorney he or she feels comfortable with. With proper planning a person can have a say as to what happens during his or her lifetime and beyond.
Peter A. Moustakis is the founder of Moustakis Law LLC
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Please note that the information contained in this blog is not an exhaustive list of the matters pertaining to the discussion. Every person has a unique situation that must be tailored with the advice of an attorney after consultation. The material published on this blog is made available by the Moustakis Law LLC for informational purposes only and should not be considered legal advice. Before you make any decision that may have legal implications, you should consult with a qualified legal professional for specific legal advice tailored to your situation. Your visiting this blog does not establish an invitation to enter into, and does not create an attorney client-relationship.