Many individuals in North Dakota and across the U.S. feel a great deal of discomfort when thinking about estate planning. While no one wants to think about death, failing to properly plan an estate can lead to long-lasting difficulties for surviving family members.
Estate planning isn’t just for the wealthy. You’ve worked hard for your assets, and deciding how they will be distributed upon your death is highly important. Here are a few common blocks to estate planning you may need to face so that you can plan for the future more effectively.
Facing your own mortality is perhaps the biggest emotional block to face. The reality is that everyone dies at one point or another. Although it might seem superstitious, many people neglect estate planning out of fear that writing a will could bring about their death sooner.
Another common hurdle to face is giving up control. However, estate planning doesn’t mean that you’re relinquishing control over all your assets. It simply means that you’re taking better care of what you’ve worked hard for during the course of your life. If you’re concerned about having unfettered control over your assets, there are plenty of ways to grant transfers while maintaining a significant amount of control.
The fear of dealing with a lawyer may be another huge hurdle to navigate. The key to overcoming this fear is to interview multiple lawyers until you’ve identified the right fit. You should feel that your attorney is listening to your concerns and working with you to plan your estate to your standards.
Estate planning is important, but it can also be an incredibly complicated process. Fortunately, you don’t have to navigate estate planning on your own. An experienced estate law attorney may help answer all your questions.