Why don't people get their financial affairs in order?

Why don't people have wills? Why don't they get their finances and final wishes in order? This was the subject of a recent blog post by Mark Goodfield, a Canadian CPA who blogs at The Blunt Bean Counter (which all of you readers should check out). In his post, Mr. Goodfield lists the five excuses he hears most often from clients who have not done the proper planning.

I've heard every one of  these excuses myself, numerous times, and more besides.

I wonder if those of you who have not yet made your wills and Enduring Powers of Attorney were to review that list, you'd find your own excuse on it? Click here and see. I hope you'll realize that you're not alone in putting these things off, but they are important for you and for your family.

These days, people are reminded of their mortality daily, with news of the spreading COVID-19 virus and increasing natural disasters. Instead of panic-buying a 20-year supply of toilet paper, think about what you need to do in case the worst happens. Get organized. Take care of what really matters. As I say constantly to my clients, hope for the best but plan for the worst.

Keep an eye on our YouTube channel, as we are soon to post a new video called "Every Excuse in the Book".