Estate planning is one of those financial tasks many people know they should do, but it’s easy to put off or misunderstand. Unfortunately, outdated beliefs and confusion about recent law changes can leave families unprepared. In 2025, updates to tax exemptions, retirement account rules, and trust structures make it even more important to separate fact from fiction. Yet many boomers still cling to estate-planning myths that could cost their loved ones time, money, and unnecessary stress. Here are ten common misconceptions updated for today’s rules that everyone should know.
