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It is extremely common for people to procrastinate in planning their estate. One reason is that estate planning is often viewed as a chore to do when one gets older and children are grown. It can be time consuming and the process can seem overwhelming if the decisions that need to be made and the appropriate tools are not understood. Many people also think that hiring a lawyer for such a task is costly and not within their current budget
In addition, it is uncomfortable for most of us to think about death and talk to our families about sensitive topics like money and our own mortality. Another obstacle for many young families is not knowing whom to name as a guardian, so they avoid the issue altogether by procrastinating and not writing a will.
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