Estate Planning: Why You Shouldn’t Wait

Estate planning sounds complicated, but it’s really about one thing: making life easier for the people you love. Landon Bradfield sat down with Chris Finley, attorney and Chairman of the JCU Board, to break down what estate planning is—and why it’s something everyone should consider, no matter their age or income.

Whether you’ve just started working, bought a home, or are heading into retirement, having a plan in place can save your family time, money, and heartache down the road.

What Is Estate Planning?

Estate planning is about deciding what happens to your assets (your home, money, accounts, belongings) after you pass away. It includes legal tools like wills, trusts, and beneficiary designations, and ensures your wishes are followed—without confusion or court delays.

Key Takeaways from the Experts

• Start Sooner Than Later
  Don’t wait until you’re older or facing a crisis. Estate planning is important at every major life stage:
  • Graduation (high school or college)
  • Marriage or divorce
  • Birth of children (especially with special needs)
  • Buying a home
  • Retirement
• Wills vs. Trusts
  • A will says who should receive your assets and who should be in charge. But it often requires probate court, which can be slow and costly.
  • A trust avoids probate, letting your chosen person manage things more quickly and privately. It’s often the smoother option if you plan ahead.
• Keep Beneficiaries Updated
  Life changes—your estate plan should too. Make sure the beneficiaries listed on your Jordan Credit Union accounts reflect your current wishes, especially after events like divorce or the birth of a child.
• Avoid the #1 Mistake: Procrastination
  Most estate planning issues happen because people put it off. That leads to family stress and court involvement that could’ve been avoided.
• Get Help from the Right People
  Estate law can be complex. It’s worth talking to a professional who specializes in estate planning—especially when changes are needed after someone passes away.