The 7 Most Common Estate-Planning Myths

The 7 Most Common Estate-Planning Myths
An employee shows a Spanish gold chalice at the Guernsey's in New York on July 6, 2015. JEWEL SAMAD/AFP via Getty Images
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Myths and misunderstandings dominate the public consciousness when it comes to estate planning. Some are the result of incomplete media reports, while others arise from half-truths and exaggerations put forth by “advisors” interested in generating a quick fee or commission. Further, labels such as “death tax” and other politically charged mischaracterizations are given life by politicians “spinning” estate-planning issues to stimulate political support in close elections.

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