There are many different reasons why some people may push off estate planning, whether they think that they are too young, or they do not think they are ready for a will or a trust because their financial circumstances will change considerably in the near future. Some people postpone estate planning due to stress, and there are many reasons why people become stressed out, especially in regard to estate planning. For example, someone may have anxiety about working with a legal professional or even approaching the thought of passing away.
Aside from working with lawyers and being too busy with work every day, some people feel like setting up an estate plan will result in giving away too much control. Others may be worried about the costs associated with estate planning, or what would happen if they change their mind about their estate plan. Fortunately, all of these concerns can be addressed by approaching estate planning carefully.
On a daily basis, many people are stressed out about their job, their finances or their family members. For some, the thought of setting up an estate plan can seem, to put it simply, overwhelming. We understand that stress can be problematic with respect to estate planning, but we would also like to point out that having a solid estate plan set up can help reduce stress. In fact, many people have found that their stress levels are reduced by having a plan in place and knowing that their estate will be managed properly in the future.