At Fletcher Estate Planning, we hear it all the time—
“I’m too young.”
“I don’t have enough money.”
“I just need a will, right?”
There are a lot of assumptions floating around about estate planning. Some are harmless. Others can cause real problems down the line.
Let’s clear a few things up.
Myth 1: Estate planning is only for older adults
This is one of the most common misconceptions we run into. People think estate planning is something you handle in your seventies, maybe after retirement. But the truth is, the best time to make a plan is when life is still in motion.
Getting married. Buying a house. Having children. These moments create responsibility. That’s when you need a plan—not later. And here’s the good news: estate plans aren’t set in stone. You can revise them. You should revise them. But you can’t revise what doesn’t exist.
Myth 2: I don’t have enough money to need an estate plan
You don’t need a mansion and stock portfolio to justify having a plan. If you own a car, a home, a savings account, or even just belongings that matter to you or your family, you have an estate.
The point isn’t how much you leave behind. It’s making sure what you leave goes where it should. Without a plan, things can get messy. And expensive. Even a basic estate plan can save your family time, stress, and court fees.
Myth 3: A will is all I need
A will is important. But it’s only one part of the puzzle.
Most people also need powers of attorney, so someone can act on their behalf if they become incapacitated. A healthcare directive, so medical choices reflect their values. A guardianship clause, if they have young children. Sometimes a trust, depending on assets or goals.
A good estate plan protects you while you’re alive and helps your loved ones after you’re gone. One document can’t do all of that on its own.
Start with facts, not fear
Everyone benefits from having a plan. Every age. Every income level.
At Fletcher Estate Planning, we help Georgia families create estate plans that make sense for their lives—not just their assumptions. If you’re ready to stop putting it off, we’re ready to help you move forward.
