When a person passes away, his or her family can face many difficulties when it comes to knowing what to do for the funeral, how to handle remaining financial matters and how to distribute assets. However, if individuals choose to create an estate plan, they may be able to relieve some of the stress family members feel during this emotional time. Of course, some Georgia residents may think that they do not need a plan.
Making excuses for not following through with important matters is not uncommon. In fact, many people share the same reasoning as to why they haven’t made plans before now. Some common justifications include the following:
- A person’s family will just know what to do.
- A person may think that he or she will never need an estate plan because nothing will happen.
- A person may simply not care what happens to his or her assets.
- A person may think that taking the time and spending the money to create a plan is not worth it.
These common misconceptions could put a considerable burden on family members and even the individual in the future. For example, an estate plan can address issues that take place before a person passes, and appointing a power of attorney agent to make important decisions if a person is incapacitated could save precious time. Plus, even if people do not care what happens to their assets, their family likely does, and having instructions could be immensely beneficial.
Rather than giving in to excuses not to create an estate plan, Georgia residents may want to take the time to get their affairs in order. By gaining more information on what these plans can address and the benefits of having a plan in place, individuals may be more open to the idea. As a result, it may be useful to gain reliable and applicable information from local legal resources.