Share Your Experience

five star review
X
Blog
Lombard Office
630-426-0196
Wheaton Office
630-426-0196
Text Us Now
630-426-0196
Subscribe to this list via RSS Blog posts tagged in misunderstandings

DuPage County estate planning lawyersHaving a will, trust, and other estate planning documents in place can give you the peace of mind that if something happens to you, your final wishes will be fulfilled. Furthermore, comprehensive estate planning allows you to make decisions about your property and healthcare so that your family will not be burdened with making these decisions on your behalf. There are so many benefits to creating an estate plan, that it may surprise that only about 40 percent of Americans have created a will or trust. There are many myths and misunderstandings about estate planning which contribute to this.

Misunderstanding 1: You Need to Be Wealthy to Have a Will

One of the greatest misunderstandings about estate planning is that people assume it is only for the wealthy. On the contrary, anyone over age 18 can benefit from estate planning. Even if you do not have high-value assets, you probably own sentimental items which you would like given to a certain family member or friend upon your death.

Even if you do not personally care what happens to your property and debt upon your death, there are other benefits to having a will or trust. When people die without a will, it often leaves a great deal of work for surviving loved ones. An estate plan saves your friends and family the burdensome task of guessing what you would have wanted regarding your property, debt, funeral arrangements, and more.

...
Illinois State Bar Association DuPage County Bar Association Northwest Suburban Bar Association American Inns of Court DuPage Association of Woman Lawyers National Association of Woman Business Owners Illinois Association Criminal Defense Lawyers DuPage County Criminal Defense Lawyers Association
Back to Top