Estate planning can offer a number of benefits, many of which have been discussed on this blog. For some people, however, creating an estate plan can also result in stress. For example, some people may be unfamiliar with the steps that will need to be taken when creating an estate plan, and others may be unsure of which estate plan will serve them best and how to divide their assets among loved ones. These are just some of the estate planning matters that can generate stress, but tackling these concerns appropriately can reduce negative feelings and even lead to a sense of relief.
When it comes to stress and estate planning, there are various topics to consider. Some people have additional stress because they made the decision to set up an estate plan after a divorce or health scare that has made them realize how important it is to ensure that property will be handled properly should they pass away. Others may be facing difficulties at work or going through other challenges in life that can interfere with their ability to focus on an estate plan.
However, setting up an estate plan can help get rid of stress and uncertainty. Many people feel anxious because they are worried about what will happen to their assets and how their death could impact their loved ones and having a solid estate plan in place can help get rid of these feelings. Our estate planning section covers other legal aspects of setting up a will or trust.