Do you have an estate plan? You should. Estate planning is a way to ensure that your assets are distributed the way that you wish. It can also help protect you in cases where you are incapacitated and need a trusted loved one to make decisions for you. Here are some common myths about estate planning and why they are not true.

Estate Planning is only for the Rich

While it is true that the importance of having a plan increases with the amount of assets you have to manage, it is not true that you only have to have one if you are rich. An estate plan can be more important for a family with modest assets as they are more vulnerable to the fines, penalties and fees that can be assessed without a plan.

Estate Planning is Expensive

While estate planning can be expensive, it does not have to be. Good elder law attorneys will be able to work with you and provide you with excellent services based on what you can afford right now. As more funds become available you can expand your plan if you wish to include things like trusts. The basics of a plan are straightforward and can be had on most budgets.

You can Plan Tomorrow

Getting an estate plan done is important no matter the age or stage in your life. You never know what is going to happen in the future, so why not make sure your family is taken care of should the worst happen.

Contact Stano Law group for estate planning legal assistance.