Estate Planning Attorney
Estate planning is not a topic that many people want to talk about. After all, no one likes to think about their own mortality. However, it is important for everyone to think about estate planning. Creating a proper estate plan will ensure that your wishes are followed and that your loved ones are taken care of after you’re gone.
Here are a few misconceptions about estate planning that you shouldn’t believe.
I’m Too Young for an Estate Plan
This is one of the most common myths about estate planning that an estate planning attorney from Silverman Law Office, PLLC hears. The truth is, however, that you are never too young to think about estate planning. Life can be unpredictable. You just never know if you will develop a sudden illness or sustain an incapacitating personal injury. Even if you don’t have a lot of assets right now, you probably have at least some property and belongings. You want to make sure that they go to the right people if you should die suddenly. If you establish an estate plan, you can ensure that your property goes to who you want it to go to.
My Family Knows How to Divide Up My Assets
Some people may tell their family members how to split up their assets after they die. However, this is not the best way to go about things. Even if you tell your family member your wishes, you can’t guarantee that they will be followed. You must have a legally binding document, like a will or trust. It will help your loved ones avoid confusion when they are grieving.
Estate Planning Is Just for the Rich
This is one of the biggest misconceptions about estate planning. Just because you don’t have a lot of assets, does not mean that you still can use a good estate plan. It’s likely that you have at least some property, and you want that to go to the right people after you die. Additionally, estate planning allows you to state your funeral wishes, appoint a guardian for minor children and state how you want your affairs handled if you become incapacitated.
It Takes Too Much Time to Create an Estate Plan
You are a busy person with your full-time job and family. However, that does not mean that you should be too busy for estate planning. Establishing a proper estate plan is important, so you should make time for it. Plus, you don’t have to do it on your own. An experienced estate planning attorney can help you draft an estate plan in a timely manner.
I Should Just Create an Estate Plan with DIY Software
There is certainly plenty of DIY estate planning software available online. However, it may not be the best idea to use it. If you don’t have an estate planning background, you can easily make mistakes that could deem your plan invalid. It’s worth it to hire an experienced estate planning attorney.
Schedule a consultation with an estate planning attorney today.