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Myth #3: If I die without a will, the state inherits all my assets

If the last two myths leads to inaction, I am amazed that this myth alone hasn't led to a boom in the will-making industry. If you pass without a will, each state will apply "the laws of intestacy" to determine who inherits what from the estate. You can check out this site called to see what the outcome might be like. If you don't like what you see, then speak to an attorney who specializes in estate planning to assist you in having a last will and testament drawn up. IIf you're fine with it and have minor children, get a will anyway. That's because the will also allows you to determine who would be the guardian of your children if that need should arise, which is probably not a decision you want a court to make.
If you would like to discuss your options with a firm that specializes in Estate and Legacy planning, and treats you like family, then contact our office to schedule a consultation with an experience attorney.