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Procrastinating About Estate Planning

When it comes to the future, our loved ones, and protecting our assets, you would think estate planning would be our first priority. Unfortunately, procrastination takes over more often that it should. When we procrastinate about the future, we are limiting ourselves and our loved ones. With a bit of planning ahead, you can save money, time and frustration. Phelps Law knows the value of strategic estate planning. We serve Scottsdale, Gilbert, and surrounding areas… let us help give you and your loved ones some peace of mind.

Why do today what you can put off until tomorrow?

That’s the kind of thinking that even the most self-disciplined person gives into occasionally. Who feels like working all the time? And putting off difficult tasks or avoiding them altogether feels better than trying and failing, right?  Chronic Procrastination occurs by engaging in distractions and giving into the feelings of “not wanting to;” rather than having the self-discipline to recognize the need or benefit of doing things we don’t feel like doing. This can be the crux in stopping people from doing their estate planning.

Move Forward With Estate Planning

Having an estate plan in place can bring you peace of mind (and an end to the nagging feeling that you really should be taking care of it!). With your estate plan in place, you can rest a little easier about possible future events: sickness, accident, or unexpected death. Once it is in place, it is wise to regularly review it to ensure it aligns with your current wishes, as those can change over time. A few questions to ask yourself that may indicate your need to meet with an estate planner include:

  • Do you have an established will or trust in place that has been reviewed in the past couple years?
  • Is there a medical power of attorney in place for you who can make appropriate health care decisions on your behalf if necessary?
  • Is there accurate creditor and lawsuit protection in place over your assets in your current estate plan?
  • If your trust is in place, is it fully funded to ensure protection of your assets to avoid probate?

If the answers to any of the above questions are uncertainty or no, contact Phelps Law today to ensure you have the best estate plan in place. Phelps Law knows the devastating outcomes of people having limited to no planning for protection following incapacitation or death. We want to help save you any frustration, wasted time and money. Contact us today!

 

Images used under creative commons license – commercial use (9/19/2017) Karen (Flickr)