I hear the same excuses over and over….
I don’t have an “estate.”
I have more debt than assets.
The only thing I have is my home.
As you may have guessed, these are excuses that people make for not preparing an estate plan. These people are sadly misinformed. They think estate planning is only about money. Estate planning does take care of financial issues, but the way I see it, the most important reason for doing an estate plan is for the benefit of the people that you leave behind.