Estate Planning Myths

If you don’t know much about estate planning, it can be intimidating to get started. However, don’t underestimate the importance of estate planning, as it can help your loved ones divvy up your assets once you pass away. Estate planning is the process of setting up arrangements for your finances, health and assets once you pass away. This is a beneficial way to not only provide yourself with peace of mind, but your loved ones with peace of mind as well. Through our experience, our estate planning lawyers have experienced firsthand mistakes that many people make.

Myth 1: The Estate Planning Process is Years Away

Waiting until you are older to begin the estate planning process may seem like a good idea but starting the process sooner than later will help you and your family members have everything settled into place. You don’t want to wait until it is too late to start this process. At the very least, lay out general guidelines for how you want the process to be handled.

Myth 2: The Process is Too Complicated

Our estate planning lawyers in Fountain Valley can help you understand the ins and outs of the process. We can help you draw up a will, name beneficiaries and craft a power of attorney. Feel free to ask us any questions you have along the way, so you can better understand the process.

Myth 3: Once I Make an Estate Plan, It’s Set in Stone

Factors like your family situations and how much money you are making can change over time. Beneficiary members to your 401(k) can change with time. Trust that all of your estate planning arrangements can be tweaked to your current situation.

At Norman J. Homen, we are experienced estate planning lawyers in Fountain Valley who can help you through every step of the process! Contact us today to get started.

Source: Money.USNews