When you hear about estate planning, you may have thought of it as something you needed to do...one day. Perhaps for years, you have been putting off creating an estate plan because you think you have plenty of time to complete it, or you may believe that you do not need one right now or that your family will know what to do if you do not get around to creating a plan.
Though many people think that their loved ones will automatically know what to do at times of importance, that is not always the case. For instance, if you suddenly become incapacitated, your loved ones may not know who should make medical decisions on your behalf or know what treatment you may want. For this and numerous other reasons, creating an estate plan should be a priority.