The simple thought of estate planning has the potential to raise your blood pressure and make you sweat. And if you’re actually in the process of making estate planning decisions, there’s a good chance you’ll feel even more anxious.
Estate planning fears are very real, but that doesn’t mean you can let them overtake you. If you do, there’s a chance that you’ll never create a comprehensive estate plan, which can affect you and your loved ones now and down the road.
No two people are the same, but these estate planning fears are common across the board:
- Thinking about death will bring it to light: No one wants to think about death but doing so doesn’t mean it’ll happen in the near future. Estate planning is all about giving you and your family peace of mind. It’s the responsible thing to do.
- Unsure of how to make key decisions: Who will receive your assets upon your death? Who will you name as the executor of your will? Who will you name as guardian of your children? It’s not always easy to make these key decisions, but once you understand the process and your options, things will come together.
- Fear of making a mistake: There’s a lot that goes into estate planning, so the potential to make a mistake is always there. However, when you take the right approach and get the right help, you minimize the risk.
Don’t let your estate planning fears stand in your way. Own up to them so that you can take action that will put your mind at ease.