Most people avoid estate planning because they're afraid to talk about death, then put it off until some future milestone. Without a will, families face chaos and confusion over how to distribute assets. The speaker explains why this procrastination costs more than planning ahead.
Chapters
I think it comes down to the crux of people, the fear of people talking about death, and it makes people uncomfortable. So what will happen is most times people will avoid it because they believe that if they talk about it, it's going to happen. They're probably going to procrastinate and say, well, you know, it's not really the right time. I'll do it in the future, you know, when I get my first house or when I get older., you know, so they'll, they'll put us, you know, procrastinate that, or they'll be apathetic to it and saying, you know what, I'm really not going to do anything because when I die, I'm dead, it's not going to be my problem. And that's probably one of the biggest mistakes that people can make because what you're doing, if you don't, haven't got any sort of estate plan or any sort of, people don't know what your wishes are, what you're leaving to your family is leaving them to become disorganized and in chaos and they're lost and they don't know what to do.