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Why Procrastinating Can Be a Huge Mistake for Your Estate Planning

April 9, 2018

Filed under: Estate Planning — Neel Shah @ 9:15 am

Everyone has heard some type of nightmare tale about what has happened to a person’s assets when they weren’t properly included in an estate plan. Often it is the remaining family members left behind after a loved one passes away, left to cope with the problems associated with lack of estate planning or improper estate planning. 

Procrastination can generate a great deal more frustration, problems, and grief for your loved ones, all because you simply refused to sit down with an estate planning attorney. Procrastination can put your loved ones in a very difficult situation if something happens to you while you are still alive, such as becoming incapacitated and having no one appointed to make decisions on your behalf, as well as for the management of your assets if you were to suddenly pass away without an estate plan in place.

This empowers the state to make critical decisions about what happens to your remaining property and this can cause numerous different problems in the handling of your future. It is far better to consult with an estate planning attorney well in advance and hope that you don’t need the support provided by an incapacitation plan. However, if you are concerned about incapacitation, having these documents properly created, signed and stored can greatly increase your chances of comfort, knowing that someone else is appointed to step in and make decisions on your behalf if you become unable to do so.

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