saving money for estate plan

5 Ways to Save Funds for Your Estate Plan

Many people procrastinate to get an estate plan due to a price objection. While long-term planning can seem costly, dependent on your situation, it's absolutely necessary and worth every penny. It's also important to get it done as soon as possible to protect yourself and your family. Think of estate planning like the other important living expenses like a vehicle, housing, or insurance. If you're still having trouble justifying the expenditure, here are 5 ways you can save to afford it.

Many people procrastinate to get an estate plan due to a price objection. While long-term planning can seem costly, dependent on your situation, it’s absolutely necessary and worth every penny. It’s also important to get it done as soon as possible to protect yourself and your family. Think of estate planning like the other important living expenses like a vehicle, housing, or insurance. If you’re still having trouble justifying the expenditure, here are 5 ways you can save to afford it.

 

1. Eat Out Less

Eating out adds up! If you eat out once or twice a week, try planning ahead and eating at home. You’ll be shocked at how much money you can save in a month.

2. Get Rid of Unnecessary Bills

Do you have Cable, Netflix, Hulu & HBO? Sometimes we feel like we need all the options in life. If you find yourself in this situation, choose the one you use the most and get rid of the rest!

3. Don’t Stress Spend

We’ve all done it. Things at work are crazy, things at home are crazy…why not treat yourself? The next time you want to spend a couple hundred on that new outfit you will wear twice, save it for your estate plan!

4. Check your automated payments

Sometimes we forget about the recurring costs of things like apps, software, etc. Looking through your bank statements every once and a while and eliminating miscellaneous automated expenses for things you may not even use anymore.

5. Declutter

Getting rid of extra household items you don’t use can be a great way to make some extra cash!

“Why Do I Need an Estate Plan?”

Even if you have not accrued a sizeable amount of assets yet, it’s important to in the very least have your basic documents in place. If something were to happen to you, your family would be lost without a will, advance directive for health care, and power of attorney.

“Can’t I Create Those Documents Online for Cheap?”

Many companies have created “one size fits all” easy to print “estate planning documents”. The issue with these is that one size does not fit all. In fact, each state has different specifications about how your estate planning documents need to be done. Hiring a lawyer to put these documents into place for you is a surefire way to ensure the documents work when you need them to.

Ready to start your estate plan? Give us a call – 912-352-3999

Share this post