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Estate planning – knowing the basics

| Apr 8, 2015 | Blog Posts |

Most of don’t know a lot about the law of wills, trusts, or probate-after all, they’re topics none of us really want to deal with. But we should all know the basics, and we should know enough to recognize common myths when we run across them. Here are a few misconceptions that keep coming around.

1. If someone dies without a will, the state gets everything.

2. It takes years to probate an estate.

3. The cost of probate will eat up all of the estate assets.

4. I don’t have to leave anything to my spouse.

5. As the oldest child, I am entitled to be the executor of my parent’s estate.

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