What are some common myths about estate planning?
An example of an AI chatbot conversation about estate planning myths.
What are some common myths about estate planning?
Many people believe that estate planning is only for the wealthy, but that's a myth. Everyone can benefit from it.
Is it true that I don't need a will if I have a trust?
Not necessarily. While a trust can manage your assets, a will is still important for addressing any assets not included in the trust.
Do I need to update my estate plan regularly?
Yes, it's important to review and update your estate plan regularly, especially after major life events like marriage or having children.
Can I do my estate planning without a lawyer?
While it's possible to do it yourself, consulting a lawyer can help ensure that your documents are legally sound and meet your needs.
What happens if I die without an estate plan?
If you die without an estate plan, your assets will be distributed according to state laws, which may not align with your wishes.
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