Numerous myths surround estate planning: it’s too expensive, it’s complicated, it’s only for the wealthy. In reality, estate planning is an important step for all families. A proper estate plan ensures that assets pass to the appropriate people upon your death, but also specifies who can assist you during your lifetime. There is no reason that creating an estate plan needs to be difficult. In fact, the average person should have an estate plan and getting one can be easy. Below, we debunk some of the most common myths surrounding estate planning.

Most people know that creating an estate plan is important for their family. However, most of those people do not feel that estate planning is urgent. No one expects to face death or incapacity today or tomorrow so an estate plan may not seem like a task that needs to be completed now. Unfortunately, procrastinating can have dire effects on you and your family if something does happen.