Stop procrastinating and get to work on your estate plan

For many people, creating an estate plan falls into the category of important but not urgent. As a result, it gets postponed indefinitely. If you find yourself in this situation, understanding the reasons behind this procrastination can help you recognize and overcome the barriers that are preventing you from taking the first steps toward creating an estate plan. One reason people delay estate planning is emotional discomfort. Thinking about dying or becoming incapacitated is unpleasant. However, not having an estate plan can have dire estate tax consequences in the event of your unexpected demise. Without a will, your assets will be divided according to state law, regardless of your wishes.