1. I don’t need one; I don’t have anything.
Strangely, there have been occasions when I’ve agreed with this, but rarely. Everyone has property of some kind, and with no Will, your property will be distributed according to the laws of the State of Ohio. If you have children, all bets are off on this reason. It is then a matter of ensuring your children will be cared for when you’re gone. I’m not suggesting your children will end up wards of the state, but if you want any say in who will care for them, you should have a Will.
2. It’s too expensive, or it can be complicated.
Some simple estate planning techniques cost very little, saving thousands of dollars. I’ve talked to people who feel this way but have given some tips that can cost little. I also gave folks information on things they can do without cost but will save money later. And yes, it can be complicated, but for most people, it’s not. Not everyone needs to do extensive estate planning or have a trust. Most importantly, it buys peace of mind.
3. I don’t want to think about death and dying.
It is a matter of facing your mortality, to be sure. But the reality is, we’re all going to die. That sounds harsh, I guess, but it’s true. We just don’t know when.
A final thought on Wills. The purpose is to make your final wishes known. You do this for peace of mind and for those you leave behind.