Wills, living wills, and trusts can be confusing. That’s why we created an easy estate planning checklist covering the costs, tools, probates, and taxes. But there are still plenty of myths out there that can derail your plans.
As a responsible adult, it’s in your best interests to have at least a basic estate plan in place at all times. Understanding what you need, what you don’t need, and how all the parts work together is not always easy, especially if you don’t have a legal background. While it’s always best to talk to a lawyer, here are some common myths to avoid.