Estate planning is a detailed process that requires you to make informed, legally sound decisions. When you do this, you end up with a plan that gives you and your family peace of mind. But when you don’t, it can cost you and/or your loved ones dearly in the long run.
Here are a handful of estate planning myths that you should avoid:
Most people don’t want to spend too much time on estate planning, so they often neglect to separate fact from fiction. Doing so increases the risk of a costly mistake.
If you’re going to create and maintain a comprehensive estate plan, you might as well do so with the best interests of you and your family in mind. Don’t let these myths, among others, stand in your way.