Don’t Fall for These 5 Estate Planning Myths

Описание: Do you believe an estate-planning myth? In this episode of Retirement Roadmap, Mark Fricks and Evan Fricks break down the most common misconceptions that cause even “well-prepared” families to face chaos when it matters most. From outdated wills to unfunded trusts and missing powers of attorney, they expose the hidden gaps that can make your plan collapse when your family needs it most.

Drawing from decades of hands-on retirement and estate-planning experience, Mark and Evan explain why estate planning isn’t a one-and-done event or something only the wealthy need. They reveal how fast-changing laws, family structures, and digital assets can render old documents useless—and why routine updates are essential for keeping your plan effective.

You’ll learn:

Why every estate plan must be reviewed at least every three years

The difference between wills, trusts, and beneficiary coordination

How to avoid probate mistakes and unfunded-trust disasters

The importance of naming both short- and long-term guardians for minor children

Why healthcare directives and powers of attorney are vital for every adult

How communication and family meetings prevent conflict and confusion

The truth is simple: an outdated or incomplete estate plan can undo decades of careful saving and create unnecessary taxes, delays, and heartache. With clear planning and open communication, you can give your family the gift of preparation—not a legal mess.

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Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.