Don't Make These 6 Estate Planning Mistakes!

We are in the business of helping people prepare and plan for the inevitable, so every year we write an article advising our clients about what not to do when it comes to death and disability planning.  The mistakes we have seen people make throughout the past 30 years we have been in practice have caused a lot heartache, stress, and money for our clients to correct.

We realize that understanding what to do and what not to do when it comes to estate planning can be very confusing to a person who isn't familiar with the probate and trust laws (Side note: That's why you don't hire an attorney who is not a specialist in this area of law).  It is for the reasons above why we are encouraging our clients to read an article recently published by the law firm Chambliss, Bahner & Stophel, P.C. titled, "The 6 Biggest Estate Planning Mistakes." 

The article sums up in non-legalize why you need to listen to the advice of your estate planning attorney or suffer serious consequences.  Some of the mistakes people make include burying their head in the sand and not planning at all, not funding a trust, incorrectly designating beneficiaries on bank accounts, retirement funds, etc. or going online for "do-it-yourself" estate planning forms, which is a "doozy" mistake due to the vast differences in each state's laws.

One "size" does not fit all when it comes to death and disability planning in the United States.  For that reason, attorneys are required to be licensed to practice law in each state where they are giving advice, so that is why going to a site that is not state specific (like Legal Zoom) is not wise.