What are some common misconceptions about estate planning?
An example of an AI chatbot conversation about common estate planning misconceptions.
What are some common misconceptions about estate planning?
Many people think estate planning is only for the wealthy, but it's important for everyone.
Isn't estate planning just about writing a will?
Not at all! It also includes trusts, healthcare directives, and powers of attorney.
Do I need an attorney to create an estate plan?
While it's highly recommended, there are DIY options available, but they may not cover all complexities.
What happens if I don't have an estate plan?
Without a plan, state laws will dictate how your assets are distributed, which may not align with your wishes.
Can I change my estate plan later?
Yes, you can update your estate plan as your circumstances or wishes change.
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