Estate Planning Mistakes
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7 Critical Estate Planning Mistakes You Must Avoid
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, […]
The 2 Most Common Causes of Estate Planning Failures
Many estate plans don’t produce the results the owners intended… Which is too bad — because most of these failures are preventable. The failures usually don’t spring from the tax strategies or language in the will. The failures most often result from the human side, or soft side, of Estate Planning. There are two main […]
Avoiding the Most Common Causes of Failed Estate Planning
Many estate plans end in failure, and most of those failures were preventable. Estate planners know that many plans don’t produce the results the owners intended. The failures usually don’t spring from the tax strategies or language in the will. The failures most often result from the human side, or soft side, of estate planning. […]
7 Deadly Estate Planning Mistakes to Avoid
Estate Planning mistakes tend to be one of the classics. While every estate plan has unique features, the same problems and mistakes recur. Many mistakes don’t vary with the value of an estate and other factors. Each of the classic mistakes is avoidable. All that’s needed is knowledge of what to beware of and a […]
Family Finances Miscommunication in Estate Planning
A new survey from Fidelity confirms what we already knew. Parents don’t tell adult children much about their finances or estate plans, but the parents think they’ve presented full details. Not having the discussions or delaying them leads to confusion, hampers planning, and eventually costs the family a lot of money and missed opportunities. The […]
7 Missing Estate Planning Mistakes You Must Identify
Your estate plan is likely to have gaps. Most people, especially those with at least modest wealth, have engaged in some Estate Planning. But few people have complete plans, even many people who think their plans are complete. There are plenty of anecdotes to support the statement, but there also is concrete evidence. I regularly […]
Estate Planning Gaps Can Be Fixed
Is your estate plan good enough to get the job done? Odds are it isn’t. Many estate plans have gaps and deficiencies, even plans that are developed by wealthy people in consultation with high-priced lawyers and other experts. When you’ve taken the time and gone to the expense of working on an estate plan, you […]
There’s At Least One Estate Planning Mistake In Every Family
Estate Planning professionals hear the stories all the time. They know they will hear them almost every time they meet with a new client. In the meetings, the estate plannning professional can see the signs in the hesitation and increased discomfort of the clients. The fact is, almost every family has at least one. There’s […]
