Financial stress is one of the most common burdens Americans face ... and it’s getting worse. Nearly half of U.S. adults report feeling stressed regularly, with financial concerns leading the charge. Money worries often disrupt sleep, affect mental health, and create a cycle of procrastination and anxiety.
One way to break the cycle? Estate planning.
Procrastination is a major reason people avoid planning for the future. A recent survey found that only 24% of Americans have a will. Even fewer have trusts or other key documents in place. Yet putting off these tasks can create more uncertainty, which fuels stress.
Stress thrives on the unknown. When we don’t feel in control, especially about our finances and future, it triggers anxiety. Research shows that proactive planning helps counteract this stress by giving us back a sense of agency.
Estate planning is one of those proactive steps. By outlining your wishes clearly, you reduce the burden on loved ones and limit confusion or disputes. It can also protect your assets, minimize taxes, and ensure your legacy is honored.
The American Psychological Association (APA) recommends taking action on things within your control as a stress-reduction strategy. Estate planning fits this model perfectly.
Here are a few simple steps to start:
Write a will. Clarify who inherits your assets.
Name beneficiaries. Keep retirement and insurance designations up to date.
Assign powers of attorney. Choose trusted people to handle financial or medical decisions if you can’t.
Organize key documents. Keep everything in one place.
Talk to your family. Let them know your general wishes to avoid surprises.
Seek expert advice. A qualified estate planner can help you make informed choices.
Estate planning isn’t just about money, it’s about peace of mind. By taking control of your future, you ease stress today and provide clarity for tomorrow.
You can’t predict everything life will throw your way, but you can prepare for it. And that preparation can go a long way in reducing stress and creating a sense of calm in uncertain times. Call us today at 605-275-5665. We offer free initial consultations with our attorneys.
Read more: Stressed? Why a Little (Estate) Planning Can Go a Long Way