There are some topics that we just don’t want to talk about. Taxes and death rank at the top of that list. Sometimes issues are emotionally charged, and we feel overwhelmed by our emotions. Nervousness, cold sweats, rapid heartbeat, and shallow breathing can come over you very quickly when dealing with an emotional trigger. The greatest trigger of all is uncertainty. Uncertainty sits at the core of the top 5 emotional obstructions to estate planning.
Death
It is literally heart stopping. No one wants to talk about their own death, but it is inevitable. Euphemisms can make the estate planning conversation easier about your death. Sometimes the humor of “pushing up daisies” can make the “six feet under” conversation a little easier. People can also be a bit superstitious about creating a will with fear that it will summon death. That gut feeling of dread can slow people down in the estate planning process.
Control
Making an estate plan can also make you feel like you are giving up control. In reality, by creating an estate plan you will maintain control by having your wishes for your estate protected. Property transfers can help reduce taxes while you are still alive. However, a solid estate plan will allow you to maintain many elements of control.
Status
Working with an estate planning attorney can also make people nervous. On occasion, status can be an emotional trigger. The attorney is there for you, to protect you, and help you create a rock solid estate plan. An estate planning attorney does not expect you to know everything about creating your plan. Rather, they will help you create the right estate plan for your unique situation.
Cost
The cost of an estate plan can also be an emotional roadblock. This is an opportunity to give a gift of a lifetime to your family. An estate plan offers them peace of mind, and comfort in an uncertain time. A well designed plan is the best possible gift you can leave behind for your family. Have a conversation with your attorney about the cost, and do not be afraid to ask questions regarding the cost. Some plans will be a flat fee, while others may be more complex. Every family estate plan is unique and different. That’s why it is so important to have the right estate planning professional.
Family Dynamics
Family dynamics are another emotional trigger. Every family is different. There may be divorces to consider, or blended families. Is there a family business, or leased real estate to consider when naming heirs? Family dynamics can be hard to navigate, and even more difficult to avoid guilt when making estate planning decisions.
These top 5 emotional triggers (death, control, status, cost, and family dynamics) are very trying issues to navigate alone. An estate planning professional can give you reassurance that you are making the very best decisions for you and your family. A skilled attorney will give you options, and help you to explore all aspects to consider. Most importantly, you will have peace of mind that you have made the right decisions despite your emotional reservations.
