Vincent, Romeo & Rodriguez, LLC
Call Now, For Phone Consultation
Denver Metro Office 303-500-5859
Boulder County Office 303-720-7260

3 myths and misconceptions about estate planning

Creating an estate plan is an essential task that will provide guidance and comfort for the people who love you. Having an estate plan will also give you a sense of relief knowing that your assets will transfer to your heirs according to your wishes. 

However, setting up these documents can seem confusing and daunting at times. Plus, there are a lot of myths and misconceptions about estate planning that may steer you in the wrong direction. 

Here are some common myths about estate planning:

1. Getting advice from someone I know is enough

If you have good people in your life who care about you, they may give you some tips about how to create an estate plan. While these individuals may mean well, you cannot believe everything they say. Every situation is unique, so you cannot necessarily apply their advice to your circumstances. 

2. It is too complex

One of the reasons you may delay the creation of an estate plan is because it seems like a complicated and lengthy process. However, it is actually a relatively easy task, especially when you get help from an attorney and financial adviser. Crafting a will, designating beneficiaries and setting up a power of attorney are all easy things to do when you have the right assistance. 

3. Once you create a plan, you are done

Many people view estate planning as a one-and-done task. However, this is a harmful belief. If you do not revise your estate plan over the years or when major changes take place in your life, your documents may not reflect your changing wishes and situations. An outdated estate plan may cause confusion and fights over your inheritance too. Once you develop an estate plan, make sure you review it periodically–at least once every five years.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Contact Our Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Location:

Louisville Office
1805 Hwy. 42
Suite 100
Louisville, CO 80027

Phone: 303-720-7260
Fax: 303-604-6052
Louisville Law Office Map

Englewood Office
5460 South Quebec Street
Suite 333
Englewood, CO 80111

Phone: 303-500-5859
Fax: 303-723-8814
Englewood Law Office Map

Phone Numbers:
Phone Numbers:
    • Super Lawyers
    • Super Lawyers
    • ACTEC | The American College Of Trust And Estate Counsel
    • Top Lawyers 2015 | 5280
    • ACTEC | The American College Of Trust And Estate Counsel
    • Top Lawyers 2015 | 5280
    • Life Care Planning Law Firms Association
    • National Academy of Elder Law Attorneys, Inc
    • NELF | National Elder Law Foundation