Haynie Wealth Management
Common Estate Planning Mistakes to Avoid
Tarantino Law, PLLC • August 5, 2024
Our team at Tarantino Law, PLLC, has extensive experience in estate planning. If you are ready to start making plans for the end of your life and what happens after, we encourage you to reach out to us to schedule a consultation. In this article, we will go over a few common mistakes we see people make when it comes to estate planning—we hope knowing about these errors will help you avoid them.
- Waiting Too Long to Start – One mistake we see a lot when it comes to estate planning is putting it off. While we’d all like to believe we will be young and healthy forever, the truth is that accidents can happen at any time. We encourage you to start the estate planning process as early as possible to ensure you have a plan in place should the worst happen.
- Failing to Inform Your Loved Ones – In our experience, it’s also a mistake to keep your estate planning decisions to yourself. These decisions affect your family and friends, so we encourage you to share your thoughts with them so they are not surprised by your choices if something were to happen to you. Don’t let the first time your family is hearing of your living will be in the hospital.
- Not Updating Regularly – A third mistake people make in their estate planning efforts is not updating their plans to reflect their current wishes. It’s common and reasonable to change your mind on these matters, so make sure to look at your documents every year or so and update them if necessary.
If you’re ready to start the estate planning process, contact us to learn more about how we can assist you.
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