No one knows when death
will arrive, but this doesn’t mean that you shouldn’t prepare for
it. Losing a loved one is never easy, but you can make this painful
experience more bearable for your family by creating a will— a
document that clearly states how your material possessions will be
distributed to surviving relatives. Of course, estate planning is
complicated and many people make crucial mistakes such as:
Thinking You’re
Too Young for Estate Planning
The biggest mistake
people make when it comes to estate planning is not having a plan at
all. Yes, you may be young and healthy now, but unfortunate
circumstances like accidents can take you away from your family
prematurely. Err on the side of caution and draft a will as soon as
possible.
Not Getting
Professional Help
Remember, wills are
legal documents and very few people have the training or background
to write a clearly worded and legally valid will. Fortunately, there
are probate attorneys who can help with your estate planning so you
can rest assured that your family will inherit your assets should you
pass away.
Forgetting to Update
the Will
If you’ve already
created a will, then you’re well on your way to protecting your
family’s future. Of course, life changes like remarrying and having
other children necessitates updating your will to include new members
of your family. Revisit your will every few years to make sure you’re
not leaving anyone out.
