Estate Planning Myths and Misconceptions

Every adult needs an estate plan to maintain control of your property today; take care of yourself and your family if you become incapacitated; and give what you have to whom you want, the way you want and when you want in the future. Thinking about and preparing for what will happen after your death can be scary, and intimidating. In 2020, less than 1/3 of American adults say they have a will or other estate plan - which means over 70% of adults are not prepared for the future. Here are 7 myths and misconceptions about estate planning - and the facts.