Estate planning: Reasons many people procrastinate
Are you one of many California residents who would prefer to talk about almost anything else rather than your own mortality? While it is true that the topic causes a lot of people to wince, it is also true that death is an unavoidable aspect of life. Avoidance of the topic is just one of several key issues that cause people to hesitate when it comes to estate planning.
In addition to simply not wanting to discuss such matters, many people put off planning their estates because they think they are too young or haven't acquired enough assets to worry about it. The reality is that once you're an adult, it is never too early to plan your estate. Also, while net worth and the types of assets you own may influence your decision to incorporate certain documents in an estate plan, the process is able to be customized to meet the needs of the wealthiest members of society as well as those who live by much simpler means.
Most estate plans include a last will and testament. There are numerous other types of documents that you may choose to include or leave out of your portfolio. In fact, some people avoid the entire process because they aren't sure which types of documents they need to accomplish their goals. If you know where to seek assistance, however, you can access all the legal guidance and support you need to protect your assets and provide for your loved ones.
Molsby & Bordner, LLP, in California is fully equipped to handle all aspects of the estate planning process, from wills and trusts, to advance health care directives and powers of attorney. No matter how complex or simple your estate happens to be, our experienced legal team can help you create a solid plan. Attorneys can also remain on hand to periodically review your plan and help you make changes or updates as needed.