Top Five Misconceptions About Estate Planning

I'll get around to it later

The No.1 reason people say for not having an estate plan is they just haven't gotten around to it yet. While no one likes to think about their mortality, it's essential to be prepared if the unthinkable happens.

It's too complicated

Many people believe estate planning is complex, tedious and time-consuming, but it doesn't have to be. Wealth's digital platform makes estate planning intuitive and accessible.

I don't own anything of value

Estates are more than what's in your bank account. It includes everything you own, including your property, investments and valuables. An estate plan ensures what you cherish goes to the people you care about.

It's too depressing to think about

Estate planning forces people to talk about hard things: death and money. However, those who have set up an estate plan describe the process as "helpful" and "a relief" and say they wish they had done it sooner.

I don't want to burden my loved ones

Many people believe discussing end-of-life issues with their loved ones is too upsetting. But talking about important life events can be empowering and helps everyone feel included in the process.