Creative Planning | Insights | Estates & Trusts
By Laura Mason on April 9th, 2024
Estate planning can be a daunting task to undertake. It’s often difficult and emotional to consider your own demise. Add to that a bunch of confusing legal jargon and complex planning strategies, and you may be tempted to throw in the towel before you even begin your estate plan.
And if you have successfully navigated the estate planning process once, you may be hesitant to revisit your plan to make sure it continues to meet your changing needs. I understand. However, if you’re not taking steps to manage your estate plan, you may be making costly mistakes.
Here are seven common estate planning mistakes and strategies to help you avoid them:
You probably won’t meet anyone who tells you they enjoyed the estate planning process. That being said, it can feel very comforting to have a well-thought-out, carefully executed estate plan. It’s also a valuable gift for your loved ones that can save them significant time, stress and money. Countless clients have come to me to get their own estate plan prepared after experiencing how easy it was to administer the estate of a loved one who had a comprehensive plan in place. It’s a true act of caring for the people you leave behind.
Laura Mason, JD, Creative Planning
