3 COMMON MYTHS ABOUT ESTATE PLANNING
To put it lightly, estate planning is a complex process. Licensed attorneys have to study for years, and practice for years after that, to gain enough insight into the process to help people create their estate plans. Unfortunately, the complicated nature of the industry means that misinformation abounds. Here are a few potential estate planning myths that you may have come across. IT’S CHEAPER TO MAKE MY OWN ESTATE PLAN While the legal standards for creating a will or other estate planning tools are fairly simple to meet, you need to consider more than just the cost you’re saving by not hiring an estate planning attorney to help you. Consider the possibility of making a mistake while putting your plan together. Without the practiced eye of an estate planning attorney, that small mistake could end up costing your family more time and money than it would have cost to talk with an attorney in the first place. ONLY WEALTHY PEOPLE MAKE ESTATE PLANS The words “estate planning” might conjure up thoughts of countryside mansions and fancy living, but the truth is that if you have any amount of wealth at all, you have a reason to make an estate plan. The purpose of an estate plan is BE CAREFUL WHAT YOU BELIEVE!
to dictate who has guardianship over your kids, who gets your assets, and what will happen if you suddenly become incapacitated. None of these things happen exclusively to the wealthy. It benefits people of any wealth class to have a plan for when they die. MY FAMILY WILL SORT IT ALL OUT You might think that your family will all get along in the wake of your passing, and that they’ll make calm, rational decisions about carrying out your final wishes, but this is rarely the case. In times of grief, frustration comes easily, no matter how well a family gets along. That’s why it’s best to have clear, legally binding instructions that dictate your final wishes. That way, you can be at peace knowing they’ll do the right thing. If you’re not sure if something you heard about the estate planning process is factual, give REIBLAW a call today. We’ll help you distinguish fact from fiction.
RESTAURANT-STYLE FETTUCCINE ALFREDO
We want your feedback! In editions of this newsletter, we’ve covered everything from business contracts to how to handle the former spouse who wound up with everything because there was no business succession plan in place. But now we’re wondering: What would you like to see? You know those legal questions that Google can’t give you a satisfactory answer to? The ones that keep you up at night as you wonder whether it’s time to call a lawyer? We want to answer those. Send us your questions and we’ll use them to address the topics you want to know more about. Text your questions and curiosities to 972.677.3002 .
Inspired by The New York Times
INGREDIENTS
• 1 cup
• Salt • 2 tbsp butter • 1 clove of garlic, finely chopped • 1 1/2 cups heavy cream • 1 large egg yolk • 1 lb fresh fettuccine
freshly grated Parmigiano- Reggiano
• Freshly ground pepper, to taste • Fresh parsley, chopped, to taste • 1 lemon wedge
DIRECTIONS
1. In a large pot, bring 6 quarts of generously salted water to a boil. 2. In a large, deep skillet, while the water heats, melt butter over medium-high heat. Add garlic and sauté until fragrant and sizzling (about 2 minutes). 3. In a bowl, whisk heavy cream and egg yolk until blended and pour into garlic butter. 4. Reduce heat to medium-low. Stir until hot, not boiling. Keep warm on low heat. 5. In the large pot, cook pasta until al dente. (The pasta will float once it’s done.) Reserve about 1/2 cup pasta water and drain pasta. Pour hot pasta into cream mixture and toss to coat on low heat. 6. Add Parmigiano-Reggiano and keep tossing gently until cream is mostly absorbed. If the sauce is absorbed too much, toss with extra pasta water. Season with salt and pepper to taste. 7. Serve with parsley and a squeeze of lemon.
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