Estate Planning Bloopers: Ten Common Mistakes

Law Days & Lattes

Estate Planning Bloopers: Ten Common Mistakes

In this episode, you'll learn about ten common estate planning mistakes to avoid, including:

1. Choosing the wrong executor/personal representative.
2. Naming the wrong agent on your power of attorney or trustee on your trust.
3. Not funding your trust properly.
4. Overcomplicating your estate plan.
5. Relying solely on a will.
6. Making mistakes with beneficiary designations.
7. Naming too many beneficiaries on a beneficiary deed.
8. Making someone a joint owner on your bank accounts.
9. Making someone a joint owner on your real estate.
10. Not having your real estate deeds prepared by an experienced attorney.

Estate planning tips:

• Talk to an experienced estate planning attorney.
• Have someone you trust review your estate planning documents.
• Update your estate plan as your life changes.

Call to action:

• Subscribe to the podcast to be notified about new episodes.
• Give the podcast a five-star review and share it with friends and family.
• Contact the Wheelan Law Firm for help with your estate planning.

WheelanLaw.com

This podcast episode contains general information for discussion purposes only. Each case is different and must be judged on its own merits. Missouri rules generally prohibit lawyers from advertising that they specialize in particular areas of the law. This article should not be construed to suggest such specialization. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create an attorney-client relationship, and the listening or viewing of this podcast does not constitute an attorney-client relationship. The choice of a lawyer is an important decision and should not be based solely upon advertisements.