People tend to procrastinate when it comes to estate plans because they think they don’t own enough, they’re not old enough, they’re busy, etc. There are a variety of reasons why people decide to have an estate plan, but the primary reason is to avoid probate. Dealing with courts, judges, clerks, and lawyers can be confusing, time consuming, and expensive. Often, attorneys will charge between five to ten percent of the estate in fees alone. The time commitment necessary to resolve probate can average between one to three years.
Knowing you have a properly prepared plan in place – one that contains your instructions and will protect your family – will give you and your family peace of mind.