Top 10 mistakes in estate planning
- Eduardo Alvarado
- 10 may 2018
- 1 Min. de lectura
We all make mistakes, as people that fact is one of our defining characteristics. The secret to being successful is: (1) learning from your mistakes, to ensure you don’t make the same one twice; and (2) learning from other people’s mistakes, so you don’t have to make the same one once.
Over the next few weeks, we will be looking at the top 10 mistakes that people make with estate planning, in the hopes that we can support each other to learn from the mistakes of others, so they stay ONLY the mistakes of others.
Not having an estate plan at all.
Not planning for disability.
Using online forms for your estate planning.
Not transferring your life insurance policies into a trust.
Failing to fund your trusts.
Underestimating the power of trusts.
Over reliance on one estate planning tool (TOD).
Not updating your estate plan.
Putting your child’s name on the deed.
Not planning for business succession.
