Think estate planning is only for the ultra-wealthy? Think again. One of the biggest misconceptions we hear is that you need to have millions in the bank to create an estate plan. In reality, estate planning is less about wealth and more about preparation, protection, and peace of mind—for yourself and the people you love.
It’s also one of the most effective ways to start building generational wealth, no matter your income or background.
When people hear the word “estate,” they often picture sprawling mansions and luxury yachts. But in legal terms, your estate includes everything you own—your home, car, checking and savings accounts, retirement funds, personal belongings, and even your digital assets. If you have anything you care about (or anyone you want to protect), you have an estate worth planning for.
A will is just one piece of an estate plan. A complete plan can also include:
By planning ahead, you’re not only protecting your assets—you’re sparing your loved ones from confusion and stress during already difficult times.
It’s tempting to try to “keep it simple” with a fill-in-the-blank will online, but even straightforward lives have complications. One mistake—like failing to name the right beneficiary or forgetting to account for taxes—can leave your family with a financial mess.
Estate planning done with an experienced attorney ensures your documents are legally sound, tax-efficient, and aligned with your personal goals.
Getting married, having a child, buying property, getting divorced, or experiencing a loss in the family—these are all life events that impact your estate plan. Even changes in the law can affect your existing documents. That’s why estate planning isn’t a one-and-done task. It’s a living strategy that should evolve with you.
Another common myth? That estate planning is for the elderly. But if you have young children, no plan means a court decides who raises them. And without a healthcare directive, your spouse may not have legal standing to make critical medical decisions on your behalf.
The truth is, everyone needs an estate plan—especially when your family depends on you.
Start Building a Legacy Today
At The Werner Law Firm, we believe estate planning is for everyone—not just the wealthy. Whether you’re at the beginning of your financial journey or managing a growing family, our experienced estate planning attorneys help you create a personalized plan that protects your legacy and builds a foundation for the future.
If you have any questions, schedule a free appointment with us through our online appointment page.
You can also read reviews from some of the hundreds of clients we have helped over the years.
Reference: GO Banking Rates (April 4, 2025) “4 Estate Planning Myths That Could Be Stopping You From Building Generational Wealth”
Founded in 1975 by L. Rob Werner, The Werner Law Firm and our dedicated attorneys are available for clients, friends, and family members to receive the legal help they need and deserve. You can trust in our experience and reputation to help navigate you through your unique legal matters.
Hiring a lawyer can be a daunting task, but it doesn’t have to be. From the moment you contact our firm, through the final resolution of your matter, our goal is to make the process easy and understandable. Through our Werner Law Firm Difference, our goal is to have you feel like a burden was lifted from your shoulders, and that we made the whole process an easy one
If you’re looking into taking care of your estate planning, we urge you to schedule a free initial appointment today and join the many satisfied clients who have contacted Werner Law Firm.
