Statistics tell us that a surprising number of Americans are going through life without executing any estate planning documents. Less than half of adults have an estate plan in place, and one of the reasons for this is because of the fact that they are uncomfortable with the subject of death.
How you feel about this emotionally or spiritually is a purely personal matter. But from a practical perspective, statistics indicate that no less than 100% of Americans will die someday. So how can you logically go through life without making preparations for something that is definitely going to happen to you?
We have all heard about “punting an issue” so that you don’t have to deal with it in the present even though you know that it must be dealt with eventually. Estate planning may be the most frequently punted process that there is. Of course dying is going to be on the bottom of your to-do list, but you have to make preparations for the inevitable all the same.
It can be useful to focus on your family members when you are considering the topic of estate planning because it is all about your loved ones. Throughout your life you embrace your responsibility to your family, and the final step is provide for them to the best of your ability upon your passing.
If you’re ready to start planning for the future, the wise first step is to sit down and discuss your options with a good Indianapolis estate planning attorney.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
Latest posts by Paul A. Kraft, Estate Planning Attorney (see all)
- How Do I Know If My Estate Has Enough Liquidity? - July 22, 2019
- Can’t I Just Transfer Assets to My Adult Child If I Need to Qualify for Medicaid? - July 19, 2019
- What Type of Will Is Best for Me? - July 17, 2019