Most adults know the importance of having at least a basic estate plan in place. This normally includes a will, living will, life insurance, and maybe even a trust. These are all good tools but like everything in life, change happens so change will be necessary to some, if not all, of these documents.
- Mistake #1: Not regularly reviewing your will. A will outlines how property is to pass from the decedent to his heirs. For a young family, all property is normally left to a spouse and then to the...

