When it comes to estate planning, one of the most important tools you have is a legally valid will and testament. But despite its importance, many people put off writing a will due to confusion or misconceptions about what it is, how it works, or whether they even need one at all.
Let’s clear up some of the most common myths about wills and testaments—and why having one is a responsible step for nearly every adult.
Myth #1: “I don’t need a will unless I’m wealthy.”
Reality: A will isn’t just for people with large estates. If you own any assets—a home, car, bank account, family heirlooms—or have children, you need a will. It ensures your property goes to the people you choose and provides clear instructions during an emotional time for your loved ones.
Myth #2: “If I die without a will, everything just goes to my spouse or kids.”
Reality: Not necessarily. If you die without wills and testaments in place, Georgia’s intestacy laws will determine how your estate is divided—and it might not be how you expect. For example, your spouse and children may share assets in ways that don’t match your wishes. A will allows you to control exactly who receives what.
Myth #3: “My family already knows what I want.”
Reality: Verbal instructions are not legally enforceable. Even if your family agrees with what you wanted, a lack of a formal will can create confusion, disagreements, or even legal disputes.
Myth #4: “I’m too young to need a will.”
Reality: Anyone over the age of 18 can benefit from having a will. Accidents and illnesses can happen unexpectedly. If you own property, have savings, or want to leave something to a loved one, it’s time to make a plan.
Myth #5: “It’s too expensive or complicated to create a will.”
Reality: Straightforward wills and testaments don’t have to be complicated or costly, especially with the help of a knowledgeable attorney. The peace of mind you gain far outweighs the small investment of time and money it takes to create a plan.