There are a few reasons why people delay estate planning. Some don’t want to think about their own death, and that’s understandable. However, failing to plan for what happens to their assets after their death might lead to family members needlessly fighting over money or keepsakes. Even a simple estate plan is better than nothing. Everyone with minor or disabled children should, at least, have a will that clearly designates a guardian for their kids. Children whose parent die without a will might be left in limbo until the probate court decides who should raise them according to estate planning law in Chandler, AZ.
Another reason people often delay estate planning is because they assume it’s complicated. They may hear other people talk about all the work they put into writing their estate plan and not think they have the time or energy to do their own. However, most people don’t need a complicated plan. Although it’s important to work with an attorney who knows the estate planning law in Chandler, AZ, it’s not necessary to spend weeks putting together an estate plan that will benefit a family after the primary wage earner is gone.
One of the most common reasons to delay estate planning is because considering these things is emotional. Not many people want to see their family unhappy with their decisions. They think if they avoid making a plan until it’s too late, the court will make the decisions for them, and they won’t be responsible. However, because probate courts divide assets based on a formula, family members are not likely to get what would help them remember their loved one most with this strategy.
There aren’t many people who don’t know they need an estate plan. Making an effort to do it is another matter. Anyone who has delayed planning their estate could learn more about the necessity of an estate plan by visiting . The law firm of Janet R. Feeley, L.L.C. may help with this and several other family law matters that affect families with children today.
