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Now and Then: Why People Procrastinate Making a Will


Has the reasons changed significantly in the last 90 years?

In a 2015 survey, they found that 64% Americans did not have a will. In a blast from the past, we reviewed a July 1927 article in "Trusts and Estates" to compare the reasons then and now as to why so many people defer the drafting of their will to explain why our generations rationale might be flawed.

In 1927, the top reasons were: 

  1. A superstitious fear that making a will inevitably ushers in death faster.
     
  2. ‚ÄčMental laziness—putting off the process of working out the details of distribution and apportionment with a fair regard to what’s equitable and just.
     
  3. A sense of inadequacy to plan for the future.
     
  4. The expectation that a little later, the mind will be “better made up.”
     
  5. The dread of expense in paying for competent legal advice
     
  6. Sheer hesitation and procrastination.
     

Some things have changed slightly, but the biggest one remains the same, plain and simple procrastinationThe question you must ask yourself: Will your legacy be one of conflict, confusion and cost, or a process that positively extends the impact of your life? You don’t have to plan to fail your family; you just have to fail to plan.

Don't delay any further, contact our office to schedule a consultation with an experienced attorney, who specializes in Estate and Legacy planning. We have created a simple process that takes the "pain" out of designing and drafting a custom estate plan.