Making the proper arrangements for after your passing will ensure your loved ones are protected in all eventualities. Unfortunately, there’s a lot of misinformation about estate planning. There are also a lot of templates available that aren’t legally binding, so it’s best to call an attorney when you’re ready to draft critical documents. In the meantime, you can review some of the most common estate planning myths in this helpful guide.

3 Estate Planning Misconceptions

1. I Don’t Need to Hire an Attorney

While it’s possible to create an estate plan without legal guidance, you should at least consider consulting with an attorney once you’re finished. A lawyer will confirm all the arrangements you implemented are valid. They’ll also review your financial situation and family dynamic to ensure you properly covered everything you want to.

2. The Court Has to Honor the Terms of My Will

There are scenarios in which the court or those you leave behind do not have to honor the terms of the will. In Hawaii, for example, surviving loved ones may contest a will if they believe it was created under duress or the deceased wasn’t of sound mind at the time of signing. Additionally, the state does not allow individuals to disinherit their spouses. In other words, regardless of what your will says, your spouse is entitled to a portion of the estate.

3. I’m Too Young to Write a Will

Since life can be unpredictable, it’s wise to draft a will sooner rather than later. Even if you’re going to be around for decades, having an estate plan in place will provide considerable peace of mind. Just make sure to review it periodically so that you can update the terms of your will as needed, following every major life transition.

When you're ready to consult with an estate planning attorney, turn to Hawaii Convey. Based in Honolulu, this law firm has over 30 years of experience and is proud to help families on Oahu prepare for all possible scenarios. They focus solely on business and real estate law, including wills, trusts, and probate. To talk to a member of their team about your estate planning needs, call (808) 792-8777 or reach out on their website.