No one is really sure who came up with the proverb “a stitch in time saves nine,” but the saying first appeared in eighteenth century England. The proverb is definitely meant to spur the lazy into action, because it is an anagram for “this is meant as incentive.”
Most people agree with this maxim, but many of these same people fail to put it in practice. For example, one study concluded that some people would rather sit through a root canal than update their estate plan. Some people put off these matters because there is no immediate payoff, and others simply do not want to even consider their own deaths. But there are some very good reasons to prepare or revise your will.
Who Will be in Control? You or the Government?
If a person dies intestate (without a will), government bureaucrats control every element of your estate, from who will raise your children to how your assets will be distributed. Intestacy laws have not changed much over the years, but they are not set in stone and are subject to the whims of individual politicians.
In as little as one visit, a testator (person who makes a will) can prepare a reasonably comprehensive estate plan. As a bonus, an attorney can ensure that the will and other documents are legally enforceable and give solid advice as to estate planning issues. A document preparation service cannot do either of these things.
Set the Example
We all want our children to emulate us in some ways, and planning for the future is definitely one of these ways. After all, many parents sacrifice their time and their money to make things easier for their children in later years, and a written, enforceable will with clear provisions for the future is the next logical step.
Peace of Mind for You and Your Family
People who make wills have done all they can to provide guidance for their heirs and dispose of their property in the way they choose. Such peace of mind is rare and well worth the modest investment of time and resources that this peace of mind requires.
To fully carry out the decedent’s final wishes in terms of real property distribution, contact me today to learn how I can help.