Estate Planning Myths: What You Need to Know During Make-A-Will Month

August is Make-A-Will Month, and at the Henry County Community Foundation, we’re using this time to help more people take the first step in planning their future and their legacy. But we know that estate planning can feel overwhelming, and many misconceptions cause people to put it off.

Let’s clear up some of the biggest myths about estate planning:

Myth #1: “I’m too young to need a will.”

Truth: If you’re over 18, you’re old enough to benefit from a will. No matter your age, a will ensures your wishes are known and followed. It helps your loved ones avoid unnecessary stress during an already difficult time. Even if your estate is small, having a plan in place provides peace of mind for you and your family.

Myth #2: “I don’t have enough money to need an estate plan.”

Truth: Estate planning isn’t just for the wealthy. If you own anything—a car, a savings account, family heirlooms- then you have an estate. A will allows you to decide who receives your belongings and how they are handled. It also allows you to name guardians for your children and make charitable gifts that reflect your values.

Myth #3: “Estate planning is too complicated.”

Truth: It doesn’t have to be. While some situations may benefit from legal advice, many people can start with a simple checklist or basic will document. The most important step is simply starting. Once you’ve taken that first step, it becomes much easier to update and adjust over time as life changes.

Myth #4: “Making a will is only about dividing up my stuff.”

Truth: A will does more than distribute belongings. It allows you to make meaningful decisions about your care, your family, and your legacy. You can name guardians for minor children, set plans for pets, give instructions for medical care, and leave a lasting gift to the causes you care about.

Myth #5: “I don’t need a will because everything will automatically go to my spouse or children.”

Truth: Without a will, state laws determine who inherits what—and it might not be what you intended. Having a will ensures that your loved ones are taken care of the way you want, and that special people or organizations are included.

Your Will is More Than a Legal Document—It’s a Legacy.

Your will is one of the most powerful tools you have to make a lasting impact. At the Henry County Community Foundation, we’ve seen how planned gifts—large and small—can transform lives and strengthen our community for generations to come.

During Make-A-Will Month, we invite you to take that first step. Download our free checklist, have the conversation, and make a plan that reflects your values.

Have questions? We’re happy to help. Reach out to our team at 765-529-2235 or visit henrycountycf.org/legacy to learn more.