Tag Archives: estate planning mistakes
The Most Common Mistakes People Make When Naming Beneficiaries
The estate planning process is critical for safeguarding your future and that of your heirs. As you go through the process, it is important to be thorough and thoughtful so you can create a plan that clearly outlines your wishes and is protected from potential challenges of its validity. Part of this is being careful […]
Examples of Common Estate Planning Mistakes
There are some people who attempt to create their estate plans without any legal guidance. While this is technically possible and can save you some money, it also opens you up to many more potential mistakes that could cause unnecessary headaches and often eventually costs your estate much more than you saved making a do-it-yourself […]
Everything Today is DIY — What About Wills?
From car batteries to cabinets, nowadays everything is do-it-yourself (DIY). Yet while it may be possible to rely on a few YouTube videos to help you take care of some minor plumbing issues, estate planning is not something you should attempt without professional guidance. The rightful heir of Ann Aldrich learned this the hard way. […]
Three Estate Planning Mistakes You Should Avoid
Planning your estate takes courage and commitment. Many people who labor over setting up an estate plan fear the cost, the hassle and the prospect of death itself. Yet estate planning doesn’t have to be that anxiety-inducing task you’ve been meaning to get around to but keep putting off. At the same time, you shouldn’t […]
A Look at Phillip Seymour Hoffman’s Estate Planning
Celebrities are generally in the limelight, and consequently, we can often learn valuable lessons from their errors. As far as learning from mistakes, estate planning is no different than many other areas of life. According to the Forbes, Phillip Seymour Hoffman’s estate is worth $35 million. Even so, the most current version of Hoffman’s will, […]