Estate planning doesn’t always conjure positive imagery—lawyer’s offices, paperwork, family tensions, mortality. It’s no wonder why so many people put their estate plans on the back burner.
LegalZoom reported that anywhere from 50-60% of Americans don’t have a will. Although the COVID-19 pandemic brought awareness to the issue, many people remain without.
What’s worse, people aren’t talking about their estate plans—whether with their spouses, kids, family members, advisors, etc., making it separate and removed. It seems like everyone is in the dark until the estate passes hands, and without proper measures in place, could result in a stressful, costly, and time-intensive process.
There are several myths about estate planning, and today, we’d like to do our part to set the record straight. Keep in mind that estate planning requires several members of your...