2. Legal Articles
  3. Estate
  4. Estate Planning Myth #1: I’m not rich so I don’t need estate planning.

REFINE BY AREAS

Search Legal Articles

Estate Planning Myth #1: I’m not rich so I don’t need estate planning.

by John Lawrence Gorman on Jan. 03, 2018

Estate Estate Planning Estate  Trusts Estate  Wills & Probate 

Summary: Almost Everyone needs estate planning.

Estate Planning Myth #1: I’m not rich so I don’t need estate planning.
 
Fact: Estate planning is not just for the wealthy, and provides many benefits regardless of your income or assets. For example, a good estate plan includes provisions for caring for a minor or disabled child, caring for a surviving spouse, caring for pets, transferring ownership of property or business interests according to your wishes, tax savings, and probate avoidance.
John L. Gorman III has been creating estate plans, writing wills and trusts, administering trusts and handling probate matters for over 28 years. Call him at (209) 548-4000.

Legal Articles Additional Disclaimer

Lawyer.com is not a law firm and does not offer legal advice. Content posted on Lawyer.com is the sole responsibility of the person from whom such content originated and is not reviewed or commented on by Lawyer.com. The application of law to any set of facts is a highly specialized skill, practiced by lawyers and often dependent on jurisdiction. Content on the site of a legal nature may or may not be accurate for a particular state or jurisdiction and may largely depend on specific circumstances surrounding individual cases, which may or may not be consistent with your circumstances or may no longer be up-to-date to the extent that laws have changed since posting. Legal articles therefore are for review as general research and for use in helping to gauge a lawyer's expertise on a matter. If you are seeking specific legal advice, Lawyer.com recommends that you contact a lawyer to review your specific issues. See Lawyer.com's full Terms of Use for more information.