Every complex subject has its own myths and misconceptions. Estate planning is no exception. Here are three things that you should understand in order to help you create and maintain a plan that will work for you the way you want it to when you need it to.

Estate Planning Myth #1 – You Don’t Need an Estate Plan Because Your Spouse Will Inherit Everything
A large number of people belief that if you are married, you really do not even need a will or a trust because your spouse will just get everything. The problem is that this is not always the case. Who inherits, even if you are married, will depend on a lot of factors. The way your property is titled will determine as much or more than the laws of intestate succession. Who is named as the beneficiaries of your life insurance