Most of us postpone creating an Estate Plan. Some postpone until it is too late and then those that follow us suffer. Some of the common considerations are that we may feel:

• We have plenty of time
• We don’t have enough of an estate to worry about
• We are too young
• Everything we own is joint property
• It’s a difficult subject to discuss

All of these reasons have some rationale and should be taken into account. One of the main problems is that death has a way of happening when we least expect it. Another problem is that sometimes we think everything is taken care of when in fact it is not.

I recommend that especially when you are starting a family, getting married, or forming a new relationship, you speak with an estate planning attorney about your situation and get professional advice. You will then have the satisfaction of knowing you have done what you can to take care of your needs and those who depend upon you.

Over the years I have seen many people grapple with the question of whether to engage in estate planning or not. I have concluded that there are two primary reasons for the struggle – fear of death and problems with money.

Death is inevitable and often comes unexpectedly

It is beyond the scope of this site to deal with the subject of the fear of death in any meaningful way. In fact, we have found that this is one of those deep seated, intractable issues that is not easily addressed through logical discourse. When asked, everyone knows that they will die – someday. It seems that the greater the certainty that day may be near at hand inspires many to take the plunge and plan their estate.

For the rest of us, there may be a myriad of psychological reasons for the hesitancy to plan for our death, but whatever the reasons, the cost of putting it off may be tremendous and completely unavoidable.

We have seen countless situations where the delay resulted in greatly increased cost and considerable inconvenience for the survivors. In some cases it meant that the clear wishes of the person were defeated by family members who ignored what they were told and did what they wanted.

Frankly put, estate planning is an act of maturity and responsibility. I commend you on having brought yourself this far in that process and urge you to use this opportunity to complete the planning of your estate.

The time to act is now

Being responsible for our lives and those of our loved ones is best dealt with today, not at a future time. At the very least, consult with an attorney of your choice to ask questions and get some indication of what will be needed in your situation.

Then budget your time and money to get the process started. You just never know when you will need it.