Estate planning is an important step to take for your family, potentially sparing loved ones from painful decisions and bitter feuds after you’re gone. However, common misconceptions and the complexity of estate law often lead people to put off preparing their documents or make mistakes that could invalidate their entire plan. Below are some of the more common myths on the topic.

3 Misconceptions About Estate Planning

1. Only the Wealthy Need Estate Planning

While popular culture and advertising place most of the emphasis on wealthy families with complex assets to distribute, everyone can benefit from estate planning. Even if you only have a small savings account, a vehicle, or items of sentimental value, preparing a will ensures that these assets go to the individuals you choose.

2. Only the Elderly Need Comprehensive Estate Planning

Unfortunately, life is unpredictable, and even young people in perfect health can pass away. In fact, younger families with children to care for have an urgent need for estate planning. In addition to deciding how any belongings should be distributed, a will also allows parents to nominate a guardian to care for their kids if something happens to them.

3. You Don’t Need an Attorney

While books and online resources make the process seem easy, only a skilled professional can provide the individualized attention you need. With their in-depth understanding of estate law, a lawyer will ensure your will, powers of attorney, and advance medical directives clearly express your wishes without ambiguities leaving them open to legal challenges.

Since 1967, clients throughout Chariton, IA, and the surrounding areas have relied on the Shelton Law Firm for a broad range of estate law services. They provide quality legal counsel and guidance through every step of the process, offering peace of mind that your wishes will be respected. Visit the website or call (641) 774­-5956 today to schedule an initial consultation, and follow their Facebook for more legal insight and helpful tips.