If you are putting off the important work of creating an estate plan, you are not alone. Most people come to the end of their lives with no provisions for their loved ones or their assets, leaving others to make critical decisions. Often, these decisions are nothing like what the deceased would have made if he or she had taken the time to make an estate plan.
Some people may have more urgent reasons to make a will or establish a trust, such as having a loved one with special needs or needing to protect a family business. If you do not relate to these situations, you may need to understand some more common reasons why having an estate plan, sooner rather than later, is a wise idea.