So many people put off writing an estate plan. It’s true that estate planning has been slow to change over the years, but Texas residents should really know that change is on the horizon, especially regarding estate planning education and awareness. The stigma that an estate plan is just for the wealthy has all but disappeared, and more people understand an estate plan will help their loved ones after they have died.
Education surrounding estate planning has mostly been in the form of trying to change people’s perceptions. For change to be ongoing, here are some key elements to note:
- Writing an estate plan is affordable
- It shows responsibility
- It is essential
- It is empowering
- It is financially doable
Any adult with a job, who is a parent, who owns property or who has any assets should have an estate plan.
The old saying says, nothing is certain in life except death and taxes. Dying is never an easy subject to bring up in a conversation, but it is a necessary one. It is important to plan for it, so loved ones don’t have the burden of doing so. Many professionals believe this may be the one prime reason estate planning has been so slow to move forward. Misleading information about the process many also have contributed to estate planning being the last thing people want to do.
Texas residents have so many reasons not to put estate planning on the back burner. Those who are parents have even more reasons to establish an estate plan to ensure their children are taken care of should something unfortunate happen. An experienced attorney can answer all of an individual’s questions and concerns and can carefully guide them through this process.