Estate Lawyer Arlington TexasEstate Lawyer Arlington Texas

Even in this day and age, many people still want to ignore the subject of estate planning. Although it can be depressing to think about what happens when you die, it’s necessary. It’s important to create a proper estate plan with the help of an estate lawyer in Arlington Texas from Brandy Austin Law Firm, PLLC. Here are some common misconceptions about estate planning that you shouldn’t believe.

Estate Planning Is Only for the Wealthy

While this may have been true many years ago, it isn’t the case today. Even people of modest means benefit from estate planning. If you own any assets and have a spouse or other dependents, you want to ensure they’re taken care of financially after you’re gone. An estate lawyer in Arlington Texas can help you draft an estate plan that has your family member’s best interests in mind.

Estate Planning Isn’t Necessary for Young People

Many people in their 20s believe that they’re too young to worry about estate planning. However, life is unpredictable and even young people can become terminally ill. By creating an estate plan with an estate planning lawyer Arlington TX residents trust, you can dictate where your assets go. If you have children or pets, you can also state who you want to look after them if you should die suddenly. 

It’s Better to Create a Will Myself and Save Money

There are several estate planning software options available and they are less costly than hiring an experienced estate lawyer in Arlington Texas. However, that doesn’t mean it’s the wisest choice. If you don’t have a background in estate law, you may have trouble understanding complex legal jargon in this software and make errors. A poorly drafted estate plan may end up costing you more money in the long run. It’s worth it to invest in a skilled estate planning lawyer.

Once I Create a Will, That’s It

While it would be great if it was that simple, it’s not. After you establish a will, you will have to review it whenever you experience a major life change, such as a divorce, birth of a child or death of a beneficiary. If you don’t make the necessary changes, your assets may not end up in the right hands.

It’s Too Late to Start Estate Planning

Just like you’re never too young to start estate planning, you’re also never too old. It’s possible to establish an estate plan as long as you’re alive and mentally competent. Don’t hesitate to contact an estate lawyer in Arlington Texas today to get your estate plan started on the right track.

As you can see, there are many myths about estate planning. Don’t let them scare you into not creating a proper estate plan. Schedule a meeting with an estate lawyer in Arlington Texas to discuss your options.