Insider Secrets You Must Know About Estate Planning

Common Misconceptions About Estate Planning

One prevalent myth is that estate planning is only for the wealthy. In reality, anyone with assets or dependents should consider it. Estate planning can save your beneficiaries from lengthy legal battles and ensure that your personal and financial affairs are managed as per your instructions. Another misconception is that a will alone is sufficient. While a will is essential, it may not cover all aspects of asset transfer and management, especially if you wish to avoid probate².