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4 Myths About Wills

Posted on Wed Oct 7, 2020, on Estate Planning

Estate Planning Lawyer

A solid estate plan is important. If you’re thinking about a will, then you’ve probably heard a lot of information. Everyone has a different opinion about wills. Is your opinion shaped by the myths that you’ve heard? Here are four myths debunked.

Wills Are Complex

Wills aren’t necessarily complicated. While you must include everything that you want into your will, it doesn’t have to be a complex process. An estate planning lawyer can make the process easier. A lawyer can provide you with assistance in figuring out the best possible options for your will. When you have an idea of what type of will you need, it can make the whole process more streamlined.

Wills Are Expensive

Many people believe that wills are too expensive. To plan and prepare a will, it doesn’t have to be expensive. The fees involved may vary. Still, most fees can be relatively reasonable. If you have an attorney, you may worry about the attorney fees. However, to pay an attorney for his or her services will ensure that your will is prepared and filed properly.

Wills Are Private

Wills go through probate. Once in probate, they become a part of public record. If there is anyone interested in seeing your estate, they can access it. For most people, this might not be a problem. For others, it could lead to fighting between beneficiaries.

In other cases, you could have scammers who may seek out your beneficiaries when they find out what they inherited from your estate. There are many different things that a will cannot do. Among what they cannot do, they cannot avoid probate and hence are public.

Wills Are for Older People

Some people put off a will because they believe that they are too young. The truth is that you are never too young to think about an estate plan. While you must have a will if you have health problems, a large estate or if you have children, any adult can benefit from an estate plan.

When it comes to wills, it is important to have all of the facts. There are a lot of myths that surround wills and other estate planning vehicles. To find out what would work best for you and your family, you need to be able to tell the truth from the myths. To find out more, consult with an estate planning lawyer, like from the Law Offices of Arcadier, Biggie & Wood, as soon as possible.

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