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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
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Many myths about Estate Planning could spell trouble

Estate planning is an important part of passing something on to the next generation in a family. Sometimes families get caught up with all the events of life. Every time someone thinks of sitting down to plan their estate, they find an excuse not to. Many times these distractions don't seem like a big deal because people understand myths about estate planning.

These myths might cause damage to a family's future. Sometimes people think that they don't need an estate plan, or they only need certain parts of an estate plan instead of others.

Some of the myths that people might hear about estate planning are:

-An estate plan is only for rich people.

-Young people don't need estate plans.

-The state will get a person's assets if they die without an estate plan.

-Estate planning can help avoid taxes.

-Gifting money or assets mean I have to pay extra taxes.

Speaking with an experienced estate planning attorney can help people understand their needs and how estate planning works. They can help a family construct a solid estate plan including wills and trusts that can help accomplish their goals.

By making sure all things are in order at an early age and revised regularly, people can help plan what will happen to their assets should something happen unexpectedly. Not only will this give a person piece of mind, but it can help their family rest assured that they are doing what their loved one would have wanted.

Source: Forbes, "10 Common Estate Planning Myths That Can Be Detrimental to Your Family," Erik Carter, Oct. 3, 2012

-Our law firm handles many estate planning issues. To learn more, please check out our estate planning site.

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