Planning your estate can be tricky, stressful, and something that many people simply do not know how to approach. Dispelling myths that are related to estate planning can help you to feel a bit more comfortable with the entire process. Due to COVID-19, at least 31% of people feel a greater need for estate planning, according to Caring.com. If you're considering working with estate planning attorneys, the following myths shouldn't impact your decision.



1. Estate Planning Is Time Consuming

The first myth that is simply not true is that estate planning is a lengthy process that is going to take tons of time and effort to get done. With the right estate planning attorneys, you can speed up the process. Let your attorney handle the lengthy legal process. All you have to do is explain your needs and work out a plan with them.

2. I'm Too Young to Need an Estate Plan

Many people feel that since they are young and healthy, they simply have no need for estate planning. No one can predict the future — something terrible could happen to you on the way to work and without proper estate planning, those who you leave behind may not be in the best situation. It is never too early to start planning.

3. My Spouse Will Inherit Everything

Though most people assume this, it may not be the case. Your family members, including your parents and siblings, may have a claim on your assets after you pass. If you want your spouse to get everything, it is best to have a legal document that states just that so that your estate does not have to enter probate and can be settled quickly.

4. Estate Planning Is Too Expensive

This is not true either. The process is very cost effective and is actually a great investment for you and for your family. With the right attorneys, you can get the legal documents drawn up for an affordable price and you can get your estate all laid out. This is a great way to ensure your estate is fully protected.

5. My Family Knows What to Do

The last thing that many people assume is that their family knows how to split your estate and that is good enough. Though they might know how you want things divided, if you do not have a will in place, it can take months for things to settle. Your estate will have to be in probate until it can be settled. Estate planning can take care of this issue and get your estate handled quickly.

For more information or to start planning your estate, contact us today!