With the recent news its hard not to wonder how some one so famous could have neglected something so important. But really, its easy to understand, do you have a will? Do your parents? The inherit pessimism involved in estate planning seems to create its own form of optimism that estate planning can be put off for tomorrow. But as we all know there are two certainties in life- and although we know the due date for taxes we don’t know the due date for death.
In my Blog I have previously detailed a number of reasons to create an estate plan but still, its hard for people to start the process. So, I will tell you a secret- a will is easy to write. In my office we have one free consult, then the next appointment is to review and often sign your documents. A will is also relatively inexpensive at $150-$175 per person for most of our clients.
Of course there are lots of other planning tools you can use,(which I will tell you about during our appointment) but if you can’t quite make it over that hurdle, at least make a will. Although most of us will not experience the drama and litigation that is likely to unfold over Prince’s estate, most of us value the estate we have worked to save. Make sure your money is not wasted and your family is protected by taking the next step – make a plan.
(See; 10 Reasons to Create an Estate Plan Now. Posted on March 6, 2015 by Kara Daley, On Planning for Minor Children, Posted on March 27, 2015 by Kara Daley, Why Do I Need a Stand Alone IRA Trust?, Posted on February 18, 2016 by Kara Daley)