Estate Planning Mistakes

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Estate Planning

Understanding the Risks of Estate Plan Mistakes and Neglect

March 17, 2020

Many people have their estate plans on the backburner. Two fairly recent cases show why procrastinating about or neglecting an estate plan is dangerous. In the first case, a family corporation’s ownership was divided among the husband, wife, and two adult sons. The wife passed away first. There apparently was no will, and no estate […]

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Estate Planning Mistakes: Why Most Estate Plans Fail, Part II

November 12, 2019

In last week’s edition of Retirement Watch Weekly, we began revealing a list of reasons why most estate plans often fail. Please read on for the rest of the list… Clients generally need an estate planner who will spend some time getting to know about their families, their finances, and their general goals and values. […]

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Estate Planning Mistakes – Why Most Estate Plans Fail

November 5, 2019

A large percentage of estate plans fail to achieve one or more of their goals, and many of them fail for a surprising reason. One cause is the most surprising and perhaps most frequent reason estate plans fail: The estate owners do not implement their plans. The failure to implement an estate plan is surprising. […]

The Rich and Famous Estate Planning Mistakes Have Important Lessons For You

June 27, 2019

Celebrities and the very wealthy frequently make headlines with Estate Planning problems that provide important lessons for the rest of us. Their lifestyles might be different, but the rich and famous deal with as many estate planning issues as the rest of us. Here are some celebrities whose estates made headlines and what you can […]

How to Keep the Wrong People From Getting Their Hands On Your Estate

March 7, 2019

There’s an important gap in many estate plans. The oversight can cause a large portion of your estate to end up with people other than your loved ones. The Estate Planning goal many people overlook is to ensure that a large portion of the estate doesn’t end up in the hands of people you never […]

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Can You Afford these Estate Planning Mistakes?

December 10, 2018

In Part 1 of this article, we reviewed some classic Estate Planning mistakes that are fairly common among retirees. Today, let’s continue the discussion with four more oversights, so you can  evaluate your own estate planning process.   Leaving assets outright to adult children. Many people believe trusts are needed only when minor children inherit. […]

estate planning

7 Estate Planning Mistakes That Could Be Costing You

December 3, 2018

If you’ve never seen an Estate Planning professional… Or if your estate planning hasn’t been revised within the last three years… Then your plan is likely to have at least one of these classic mistakes. Today let’s go through these estate planning mistakes, one by one…   1. Relying only on a will. A written […]

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7 Critical Estate Planning Mistakes You Must Avoid

August 27, 2018

Many of the same mistakes seem to recur in one Estate Planning process after another, whether the estate is worth a billion dollars, a few hundred thousand dollars, or something in between. I’m going to skip the most common mistake of all: Your estate planning is not up to date. If you’re reading this article, […]

October 2020:

Congress Comes for your Retirement Money

A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.
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