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Why is estate planning such a problem for many?

With the right approach to estate planning, anybody can feel better about their situation. Unfortunately, some people don't understand what goes into this process and how they can avoid trouble along the way. For this reason, they put it off, year after year, hoping it doesn't come back to bite them.

There are many reasons why estate planning is a challenge for some people. These reasons include:

-- They don't know where to start. Some people don't understand even the most basic details of estate planning, such as creating a will.

-- They are afraid of making a mistake. The biggest mistake you can make is not having an estate plan. Fear of making a misstep along the way should never enter your mind.

-- Unsure of how to discuss this with their loved ones. This comes into play for many people, as they don't know who to leave their estate to, how to tell others, and how to answer any questions they may receive. Rather than deal with an uncomfortable situation, they would rather go through life without an estate plan.

These are just a few of the many reasons why creating an estate plan is such a problem for so many people. They have what it takes to get started and to finally put this process in the past, but they never take the first step in doing so.

If a person is facing estate planning challenges, the best thing he or she can do is understand the benefits of learning more and finally moving in the right direction. The first step is often the most difficult.

Source: Life Health Pro, "10 common estate planning mistakes (and how to avoid them)," accessed Aug. 11, 2015

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