Avoid These 10 Estate Planning Mistakes
October 27, 2016
Did you know there are a lot of mistakes you can make in your estate planning process? Thankfully, many of them can be avoided successfully if you work with an experienced estate planning lawyer as soon as you intend to get started.
These mistakes can end up costing you and your beneficiaries a lot of unnecessary stress and frustration. Read on to learn more.
- A do it yourself will or trust
- Not having a will at all
- Not coordinating beneficiary designations with your will
- Not coordinating retirement account designations with the will
- Improperly using a lifetime trust
- Giving gifts outright to minors
- Trying to do it all on your own
- Failing to update your documents where necessary
- Owning your own life insurance
- Not including flexibility in your plan
Your experienced lawyer can help you figure out your next steps if you’re ready for estate planning.
