Dispelling myths, rumors and misinformation is an ongoing battle for financial advisors. Estate planning is a topic especially prone to myths and misinformation. In this report, I’m going to dispel 10 common myths about Estate Planning and give you the real facts — facts that could be critically important to helping protect your financial future.
Myth #1: “I’m too young to need an estate plan.”
Statistically, that statement may be closer to true if you’re in your 20s and 30s. The problem is, many people still believe this statement in their 50s and beyond. As a result, a lot of people who intended to create an estate plan “eventually” end up dying before they get the chance. The result is often a legal and emotional nightmare for their families.