10 Estate Planning Mistakes to Avoid

All too often, new clients come in, and we discover that they have been complacent about the need for proper estate planning.  They think they are either too young or too old, they are of modest means, or an estate plan is unnecessary.  Plus, no matter how much you think your family loves one another, people are greedy when it comes to money. When assets come into play, no estate plan, or a poor one, can cause issues or allow property to fall into the wrong hands. Here are 10 mistakes that, if avoided, will smoothly transfer your estate. Not having a Will or, in the alternative, a living trust – Without a main vehicle to drive the estate, the probate court has to get more involved. Focusing solely on taxes – Under current tax law, most people will not hit the estate tax limits, so taxes do not have to be the driving decision maker. Naming the wrong executor/agent/trustee ...

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