Estate Plannings Common Misconceptions

There are some very common misconceptions that many people share regarding Estate Planning. Due to these misconceptions, people limit their ability to develop an Estate Plan that addresses types of problems that often arise when there is no estate plan in place. Yet others fail to realize the liabilities their estate will face due to poor planning. The fact that Federal estate tax begins at 39% and can reach up to 55% is unbeknownst to most individuals and is only fully understood when they find that half of a loved one's estate is going to be paid to the government. Below you will find some common misconceptions regarding estate planning followed by some explanation of the different methods of planning your estate.

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