Estate Planning Myths That Can Cost Your Family Thousands

Episode Summary

In this episode of Estate Planning Beyond the Binder, estate planning attorney Brian Chew, Managing Partner at OC Wills and Trusts, addresses some of the most common myths that often mislead families about estate planning. With over 25 years of experience helping Orange County families protect their legacies, Brian explains why misconceptions about wills, trusts, and estate plans can create unnecessary risks and how to take the right steps to avoid costly mistakes.

From the myth that the government automatically takes your money to the idea that only wealthy individuals need a trust, Brian breaks down what families really need to know. He also discusses why simply having a will is not enough, how handwritten or online estate plans can fall short, and what practical steps people should take to ensure their loved ones are truly protected.

Episode Timestamps

00:42 – The dangers of estate planning myths and misinformation 03:15 – Why the government doesn’t “take your money” but may end up holding unclaimed assets 06:22 – Trusts are not just for the wealthy—why they matter for everyone 10:11 – Wills vs. trusts: why relying on a will often means going through probate 13:48 – Handwritten and online wills: risks, validity, and common mistakes 16:05 – The first step to getting started with an estate plan

About the Show

Estate Planning: Beyond the Binder is a podcast dedicated to simplifying estate planning for families in California. Featuring attorney Brian Chew, managing partner at OC Wills and Trusts, the show provides expert insights into trusts, wills, and asset protection strategies. Through clear explanations and practical advice, the podcast empowers listeners to secure their family’s financial future and build lasting legacies.