Kiplinger’s Personal Finance Magazine
Excuse #1: You’re not going to die.
Excuse #2: You’ve been too busy.
Excuse #3: You can’t stand thinking about a future that doesn’t include you.
If you’re coming up with these or other reasons for not planning for death, you’re in good — if not smart — company.
Just over one-third of Americans have a will, and fewer than half have any estate-planning documents at all, according to a 2011 survey conducted for EZLaw.com. “People don’t want to think about dying. They’re uncomfortable with the topic,” says Danielle Mayoras, coauthor with Andrew Mayoras of Trial & Heirs (Wise Circle, $20). “For that reason, they don’t do anything about estate planning.”
But making arrangements for your final days and beyond isn’t just about helping your family through difficult times. It also lets you designate representatives to make decisions about your care, withdraw money from your accounts to pay your bills and celebrate your existence in exactly the way you want — even if that means letting you take your last ride, to the cemetery, in a less-than-likely vehicle.
Read the full article at Kiplinger’s Personal Finance Magazine