“I’m not wealthy.” “I’m young and healthy.” “I don’t want to jinx myself.” There are many reasons why creating an estate plan is an important and just as many justifications for not doing it. Here are some common excuses for procrastinating in preparing an estate plan and some ways to overcome them.
Setting up a revocable trust is like building a treasure chest. When you pass away you want that treasure chest to go to your children, or other beneficiaries, filled with your property and assets. But what happens if the chest is empty when your heirs receive it? One of the biggest mistakes in estate planning is the failure to properly transfer your assets into your trust.
Jessica Brandow is foremost an estate planning attorney dedicated to providing quality legal service to all types of clients.