Putting an estate plan together doesn't have to be difficult to do, but it does require some thought and care. Estate planning is about making sure one is properly protected in the event of incapacitation, and ensuring wishes are known and assets are passed on to the appropriate parties upon one's death. Unfortunately, there are a lot of things people in Louisiana and elsewhere believe about estate planning that keep them from getting it done or creating plans that are in line with what they really want.
A recently published article discussed the most common estate planning myths that far too many people believe. The first is: everything must be passed on to one's children. It is okay if beneficiaries are not one's children. They can be friends, other family members or charitable organizations -- among other things. Children may not be happy if they are left out of the will, but at the end of the day, it is not about what they want.