Haimo Law - Wills, Trusts, Probate, Business Planning and Asset Protection

The Problem With Self Diagnosis

The Problem With Self Diagnosis

I meet regularly with clients and prospective clients. When I ask if they have an estate plan, a common response is that they don’t need one because they lack sufficient assets. At the conclusion of our conversation, they generally realize that they were not fully educated about why it’s so important. As a result, they seem to spring into action after learning that they do in fact have an estate and dealing with their death and/or incapacity may needlessly burden their family.

The reality is that people are unaware of the consequences of failing to plan ahead. They think that estate planning is only for the wealthy. They are resistant to addressing core issues. Inevitable problems that will needlessly push their families emotional pressure points are quite simply not on the radar.

The next post will highlight some of the burdens that families can expect to experience without careful planning.