There are some common estate planning mistakes that can yield negative consequences for survivors. We are going to look at three of them here. Assuming the State Will Take Care of Everything Some people do not prioritize estate planning because they assume that the state will step in to make sure the assets go to their loved ones. The probate court does provide supervision during intestacy cases, so part of the assumption is correct. However, as for the idea that the assets will automatically … [Read more...] about These Errors Can Tarnish Your Legacy
DIY estate planning
We live in somewhat of a “microwave society” that is based on instant gratification. You can find out how to do just about anything on the Internet, and a lot of people like to look for shortcuts. This enters the picture when it comes to estate planning. Boilerplate Legal Documents There are websites that sell downloads and worksheets that you can use to create legal documents, including last wills and trusts. They try to float the idea that anyone can create an estate plan without any legal … [Read more...] about Is DIY Estate Planning Effective?