4 Common Estate Planning Mistakes

Friday, January 8, 2010 by Laura Smith, CPA

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...
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