Excuses for not Having a Will

B Simple over at Simple Financial Lifestyle wrote a tongue-in-cheek post about the 10 Reasons Not to Have a Will. Thinking it was a list of reasons why we should forego having a will, I realized it was a list of reasons that were really just excuses.

Among the highlights of silly reasons why most of us don’t have a will,

I’m 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.

In a society filled with utter selfishness, I wonder how many times this excuse has been invoked? Have you thought of it?

And, of course, amidst the public’s distrust of Congress and the government in general,

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.

I admit that I’m guilty of not having an up to date will. When my wife and I had our first child (She had the child. I had the luxury of watching.), we made a point to get a bona fide will put together.

At the time, we were more concerned with who would be responsible for our son should something happen that incapacitated both my wife and myself at the same time. We didn’t have any assets to speak of. Or assets that had any meaningful value. Meanwhile, 7 years, two more babies, and considerable assets later, we haven’t updated our will (yikes!).

I know what I’ll be doing this week.

Read the entire article at Simple Financial Lifestyle.

2 Responses to “Excuses for not Having a Will”

  1. B Simple August 3, 2010 at 6:41 pm #

    Nice post post. Glad my post was able to get you to take action and put a will in place. I was like you one chlid then another child and we still did not have a will. Having a will definitely simplify things especially when you are dealing with minor children. There will be no dispute as to who you wanted to care for your children if something happens to you and your wife. Thanks again for referring my post.

  2. Jerret August 4, 2010 at 5:39 pm #

    Thank you for the inspiration for this post (and the quotes).