Procrastination rears its head.
It often does in the realm of estate planning, which is an important legal sphere that many people deemphasize until pressing matters are upon them.
The reasons why legions of individuals and families delay crafting a tailored planning strategy are many and varied. It is a common misconception that planning makes sense only for older people who have accumulated significant assets. Some would-be planners stall out on planning because it mandates consideration of aging and death.
There is always tomorrow.
The process doesn’t have to work that way. In fact, there are multiple and strong reasons for virtually every person who is thinking about estate planning to begin engaging sooner rather than later.
Candidly, we note at the established Southampton law firm of William J. Benz, Attorney at Law, that estate planning can actually be “a pleasant, satisfying experience.” A sound and well-crafted plan can promote many important goals. Planners work in concert with proven legal counsel to secure aims like these:
- Crafting of a will that firmly sets forth a planner’s wishes
- Appointing a guardian for children
- Selecting a trusted person to make financial and/or health care decisions in the event of incapacity
- Providing clear instructions relevant to business succession planning
- Drafting instructions to guide wealth transfer to future generations
- Implementing strategies to lawfully reduce tax outlays
The bottom line concerning planning is that timely focus and implementation can provide clarity and reduce uncertainty across a broad dimension of important matters.
A proven estate planning attorney can provide further information.