10 Reasons Not to have a Will

by B Simple

in Carnival Post, Planning


We say we want to simplify our finances but do you always find an excuse when it comes to certain financial topics. One topic many of us fail to consider when simplifying our personal finances is estate planning or just the simple step of having a will drafted. This is one subject many of us do not like to discuss. Since we do not like to discuss it, we usually do not plan for it. Having a will not necessary help you simplify your finances but will help simplify your finances for the loved ones you leave behind. Even though we all know having a will in place can make the settlement of your estate large or small much easier on our loved ones the majority of us do not have a will in place. So what is your excuse for not having a will?

Here are 10 reasons many of us have not drafted a will:

1. Attorney fees – Why should I pay to have my will done? All the attorney will do is type my will instead of hand writing where I want my assets to go to. I think I will save a few hundred bucks and type it myself. Also what value will the attorney add for the money that I will end up paying.

2. Not alive why should I care – I will not be around so why should I plan how my assets will be divided. I believe my ex-spouses and children are more than capable of dividing my assets evenly so that everyone is happy and gets their fair share.

3. Like to see family fight - When there is a disagreement they just argue until everyone gets what they want. Its actually entertaining to see who will win. So why make it easy on them by telling they who gets what.

4. I enjoy paying taxes- I believe contributing 50% of my estate to the government is a good use of funds. I will not need it so why not give it to a good cause.  Also my family can live on 50% of my assets any way.

5. My elected officials can handle it better than I can Since I have elected these individuals to represent me, I believe they have my best interest at heart and will implement laws that will benefit me and my family. They will know how my assets should be distributed.

6. My spouse can survive without me – My spouse is more than capable of handling my estate. I am sure a how to handle an estate book can teach them what to do.  Right. Better yet my spouse has a job and can survive on just one salary.

7. I have no assets or money why bother – I have more debt than assets what’s the point. The debt collectors will take my assets any way.

8. My minor children will be in good hands with a state agency I don’t need to name a guardian for my children. The state child care services will be just fine.

9. My spouse and children can handle large sums of money Usually when my family receives money they just spend it so why bother restricting what they can do with it. I don’t want to tell them what to do with it. I want them to enjoy it.

10. I will never die – I am still young and in good health and I don’t plan on dying in the near future. I want to enjoy these birthday freebies forever. So what is there to plan for.  When I am ready to die I will plan for it.

So which one of these is your excuse for not drafting a will. Yes we don’t like to talk about death but it is something that will occur in our life time. We just hope that you have planned for it. Having an executed will will make life much easier for those who you leave behind.

TAKE ACTION take some time to think how you want your assets distributed and who you want in charge of managing your affairs when you are not around. Make sure you put some thought into it and then find an attorney to draft a will based on your circumstances. Trust me its worth it.

Til next time take one step at a time to simplify your personal finances.


{ 5 comments… read them below or add one }

Car Negotiation Coach

I just had my first kid and I’ve been debating when I need to get off my butt and make up a will…probably sooner rather than later.

I like the “reverse top 10 list”. You’ve given me some good ideas for my own blog.
.-= Car Negotiation Coach´s last blog ..Should car salesmen be allowed to profit =-.


Yes, excellent job. The reverse psychology is fun, and a good way to get a point across. 50% to taxes? That’s the plan, but let’s hope our congressfolk give it one more fix.
.-= JoeTaxpayer´s last blog ..John Kerry’s Flip Flop =-.

Jason @ Redeeming Riches

Great post! This is exactly what happens, and yet so many folks think a will is not for them. Good job.
.-= Jason @ Redeeming Riches´s last blog ..Money Advice While on Vacation 6 Traps to Avoid! =-.

emt training

This is such a great resource that you are providing and you give it away for free. I enjoy seeing websites that understand the value of providing a prime resource for free. I truly loved reading your post. Thanks!


A very sobering reminder of the reasons to have a will. I guess you really have shown that there is no good reason not to have an estate plan.
.-= Brian´s last blog ..Living Wills and Advance Directives =-.

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