Designations

Here’s a secret (shhh…!): Estate planning attorneys are human. We are not perfect. Over a series of four blogs, we’ll look at some common mistakes. Are you making any of them? In earlier blogs in this series, we looked at not coordinating the estate plan, not leaving assets the right way, and not discussing Medicaid and special needs planning. In this final blog in the series, we’ll look at not revisiting and not revising the estate plan. When a client walks into an estate planning … [Read more...] about Common Mistakes in Estate Planning, Part 4 of 4

Here’s a secret (shhh…!): Estate planning attorneys are human. We are not perfect. Over a series of four blogs, we’ll look at some common mistakes. Are you making any of them? In earlier blogs in this series, we looked at not coordinating the estate plan and not leaving assets the right way. In this blog we’ll look at the third mistake in estate planning: not discussing Medicaid and special needs planning. When a client walks into an estate planning attorney’s office, they know their many … [Read more...] about Common Mistakes in Estate Planning, Part 3 of 4

Here’s a secret (shhh…!): Estate planning attorneys are human. We are not perfect. Over a series of four blogs, we’ll look at some common mistakes. Are you making any of them? In an earlier blog, we saw that not coordinating the estate plan was the first mistake. In this blog, we’ll look at the second mistake in estate planning, not leaving assets in the right way. Clients usually say they want to leave their assets to their beneficiaries, usually their children. Clients typically start … [Read more...] about Common Mistakes in Estate Planning, Part 2 of 4

Here’s a secret (shhh…!): Estate planning attorneys are human. We are not perfect. Over a series of four blogs, we’ll look at common mistakes. Are you making any of them? The first mistake in the planning process is not coordinating the estate plan. A client has many types of assets. Let’s look at a typical client. John has $1,000,000. This includes his home, worth $250,000, a brokerage account worth $400,000, and an IRA worth $350,000. John is unmarried and wants 45% to go his son, 45% to … [Read more...] about Common Mistakes in Estate Planning