Myth #1:Estate Planning is only for rich people.
Fact: Whether you have a lot of assets or no assets at all, an effective Estate Plan will protect your family in the event of your passing
Myth #2: Estate Planning is only for older people.
Fact: Estate planning is most effective when you're younger because that's when you are more likely to have minor children or other people dependent on you for their daily provision.
Myth#3: An Estate Plan doesn't have to be in writing.
Fact: While it is true that you can verbally communicate the distribution of your assets to your loved ones, those requests can only be enforced by a court of law if they exist in writing.