Many people have misconceptions and estate planning myths. Here are 3 estate planning myths.
Hi, I’m Gary DeWitt, Estate Planning Attorney in Northwest Arkansas.
3 Estate Planning Myths
First, many people believe that estate planning is only for the wealthy and very wealthy. Wrong. Everybody can benefit from estate planning. Part of planning is deciding who will manage your money and affairs during your lifetime if and when you can’t. For example, if you were unconscious or unresponsive.
Second, a Will is not enough. A Will does nothing for you during your lifetime. A Will is basically a letter to the court and your heirs detailing how to divide up your property.
Third, if I have a Will, there is no probate. No. a Will is the instrument of probate. A Will requires probate in many cases to be validated and for an orderly transition to the next generation.
Feel free to call with your questions or to get my free book, “Secrets of Excellent Estate Planning”. The book is also available on my website.
I will show you how to protect what you have today, and what you leave your kids tomorrow. You’ll be able to take advantage of my estate planning legal strategies without you or your loved ones having to deal with Probate Courts, long delays, and death tax.