The most well-known estate planning tool, a Last Will & Testament is a legal document which comes into play after you pass away. It outlines who will be given your money, your things, your home and/or other real property.
The Will outlines what happens with your body (burial, cremation). Most Wills also say something about guardianship for your minor children.
Finally, the document will also appoint a person to make sure all these things happen, they are usually called an Executor.
These are plenty of seemingly good reasons to procrastinate on estate planning. Your business may be thriving, and it requires your full attention. Maybe there doesn’t seem to be enough time to get organized. But the most common reason to kick the estate planning can down the road is that you feel healthy and have…