There are many reasons you should have an estate plan. There are also many myths about estate planning that could prevent you from having one in place, but having a plan can help your loved ones once you are gone. Here are some of the myths we most often hear.
Myth 1: Estate planning is only for ‘rich’ people.
Many people think that only wealthy people need to have an estate plan. Estate planning is for everyone, and gives you peace of mind regarding your finances, decisions about your health, and your relatives. For the average family, estate planning can make it easier for family members when it comes time to split up assets, property, and heirlooms.
Myth 2: I am not old enough to start estate planning.
A common misconception is that only older people need to have an estate plan. In today’s world, life can change in a second and it is important to be prepared for the unknown. Craft Law Office can help you decide when to start and where to begin. Some may feel like they are ‘planning for their death,’ but getting your wishes and affairs in order and on paper is just a starting point. Accidents occur all the time, and Leslie Craft knows that this process could be an emotional and serious time. At the Craft Law Office, we are prepared to help you reach the best decision for you and your family.
Myth 3: You do not need a lawyer to help you.
Some may think estate planning can be done without a lawyer or legal assistance; this is true, but not recommended. There are so many documents and processes to cover, and it can be extremely helpful to have an expert there to answer questions, give advice, and come up with a plan that will benefit you and those you love. At Craft Law Office, Leslie has over 30 years of experience with estate planning, so you and your family can trust that your estate plan meets all your needs.
Myth 4: Estate planning is expensive.
Estate planning does not have to cost you an arm and a leg. Though planning your estate may seem like a trivial process to pay for, it is important to have it done correctly. There are many free ‘do-it-yourself’ versions of estate planning, but they often lead to mistakes, making an already-difficult time for your family even harder. With the help of a qualified lawyer, your estate planning will be error-free.
As you can see there are misconceptions about estate planning. The topic can be complex, and it is constantly changing, However, knowing the truth about these myths could help you avoid mistakes. If have questions about estate planning, or are ready to start the process, give the Craft Law Office a call at 252-752-0297. Schedule your free consultation with Leslie and let her help you through the process!