Ten Common Estate Planning Mistakes
1. Procrastination.
2. Not creating more than a Will in your estate plan. (You don’t create a Revocable Trust because you believe only people with large estate need a Trust.)
3. Holding assets jointly with children (both for children’s easy access to the money and for an “inexpensive” estate plan to avoid probate.)
4. Leaving your assets to someone with the “understanding” that it will be used for the benefit of another, your child or dependent parent, for example.
5. Not appointing a pre-need guardian for minors; or not creating a Special Needs Trust for disabled children.
6. Not considering asset preservation strategies for leaving your assets to loved ones.
7. Not appointing competent Personal [..]
