FAQ #29196

Have a question? Try asking one of our Experts

Why is estate planning frequently postponed?

Related resource areas: Personal Finance

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.

We would like your feedback on this Personal Finance Frequently Asked Question.

Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.

Comments

Post a comment about this topic

Please keep comments on topic. To ask a question, please use Ask an Expert. All comments are held for moderation. Comments that include profanity, personal attacks or other inappropriate material will not be posted to the site.

Did you find this page useful?

No one has rated this article yet. Why not be the first? what is this?
not useful
very useful
 1  2  3  4  5