Estate Planning Mistakes
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10 Most Common Estate Planning Mistakes–And How to Avoid Them
Click the PDF below to read this Special Report. […]
The Information That’s Essential for a Successful Estate Plan
Many people mistakenly believe their estate plans are complete after they decide on the strategies and have the documents prepared and executed. A high percentage of plans fall short of meeting their owners’ goals and many become abject failures, though the plans looked good on paper. The failures occur when the estate plan is implemented. […]
Understanding the Risks of Estate Plan Mistakes and Neglect
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 […]
Estate Planning Mistakes: Why Most Estate Plans Fail, Part II
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. […]
Estate Planning Mistakes – Why Most Estate Plans Fail
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
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
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 […]
Can You Afford these Estate Planning Mistakes?
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. […]
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