Misconception 1: Estate Planning is Only For The Affluent
If you have concerns about leaving a legacy and ensuring your final wishes are carried out properly, estate planning is for you. In short, estate planning is for everyone.
Misconception 2: Estate Planning is Only For Seniors
Estate planning can (and should) be undertaken at any time a concern arises. Young professionals may rest easy knowing there is a plan in place for their beneficiaries. Your estate plan may also benefit from coordination with other financial planning activities.
Misconception 3: Your Estate Plan Should Never Change
Life happens and needs, priorities, and goals change. You should periodically review your estate plan and adjust as necessary to meet changing needs.
