“I haven’t had time to get around to it”
“I don’t have enough assets to leave anyone”
“Estate Planning is too expensive”
“I don’t know how to get a will or living trust”
Have you ever caught yourself saying any of these things when trying to reason with the fact that you still haven’t started your Estate Plan? Well, you’re not the only one. A recent study has reported 68% of Americans not having a will or some other form of estate planning document. In fact, the opening statements are identified as the top four reasons why Americans put off estate planning, despite recognizing its importance. Being said, I wanted to share with you these 5 simple steps to help kickstart your Estate Planning:
1. Have a proactive attitude
2. Don’t be afraid to think about the end
3. Start with your Estate Planning Goals
Identify what assets you have and decide who you want to inherit them.
4. Involve your Family
It is important to make sure your beneficiaries know who they are and the people who are going to be in charge of managing your estate know as well.
5. Update your plan as your Estate changes and grows
If 2020 has taught us anything it’s that life waits for no one. Which is why we, at Dodson Legal Group, we want to help in any and every way we can to ensure you and your loved ones stay protected. And with our new virtual meeting systems we are able to walk you through every step of the way, all within the safety of your home. Please, do not hesitate to give us a call at (469) 400-0000, or inquire here, to schedule your free 1-hr virtual Estate Planning session.
Want to learn more about what level of Estate Plan is right for you? Read here