Published in Investopedia
By Mark P. Cussen on January 23rd, 2022
Maintaining a valid and current estate plan is vitally necessary in order to ensure the efficient and orderly dispersion of assets after a person dies. However, even a small mistake can create huge problems during the settlement process, and in many cases, these errors are impossible for anyone to correct. There are several key errors that can make an estate plan defective, most of which can be easily avoided by reviewing your —or your client’s— plan periodically and keeping it up to date.
Five Most Common Estate Planning Mistakes:
- Not Updating Beneficiaries
- Omitting Legal Documents
- Poor Recordkeeping
- Poor Communication
- Failing to Create a Plan
These are just some of the common estate planning errors that frequently occur in the estate settlement industry. Continue reading for more detail…
I very much enjoy helping my clients to achieve their financial goals. I love to show clients all of the resources that are available to them that can help them to save time and money and improve their investment returns.
Mark P. Cussen, CMFC / Financial Writer
