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stated in my last blog, there are some myths that may frustrate an estate plan. These myths are not necessarily true. I will discuss in this blog the last two general myths about estate planning that may affect your life, your wealth, and your family.
The fourth myth is related to “all I need is a will”. Indeed, a quick will is certainly better than no will at all. However, there is a saying that “anything worth doing is worth doing well,” and we believe that this goes for a will/trust as well as for any other legal document. If you want the basics you can have the basics. But if you want the best, you’re going to need to spend a little more time on it. At the end of the day, this is a decision that will affect your life, your wealth and your family.
The fifth myth is related to the belief that “Estate Planning is only about money”. While money is one of the main motivating factors behind the creation of an estate plan, money is absolutely not what estate planning is all about. Estate Planning is about people. Estate Planning is about your family and doing what is right for them. For example, a well thought-out will or trust will save your family and/or loved ones from a lengthy probate process.
An estate plan is full of documents designed not just to save you or your heirs money, but to allow you to express your wishes and values even after your death. Estate Planning is about more than just money—it’s about family, legacy, and love.
Protect yourself, your family, and your wealth from unexpected situations. Contact our team of South Florida estate attorneys at LOIGICA today for more information on any estate planning issue.