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7 Major Errors in Estate Planning by Forbes

On Behalf of | Jun 11, 2012 | Estate Planning

You worked too hard to amass your estate to make simple, avoidable mistakes with your estate plan. Yet, we find that many people, even some of the most affluent, have made or will make one or more of the mistakes highlighted in a recent Forbes article entitled “7 Major Errors in Estate Planning”, which sets forth the following list of common estate planning errors:

1. Not having a plan
2. Online or do-it-yourself rather than professionals
3. Failing to review beneficiary designations and titling of assets
4. Failing to consider the estate and gift tax consequences of life insurance
5. Not maximizing annual gifts
6. Failing to take advantage of the estate tax exemption in 2012
7. Leaving assets outright to adult children

If you have any questions about your estate plan or would like to ensure that you do not make these mistakes, we would encourage you to call or schedule an appointment to visit with us.

The full article by Rob Clarfeld is available online at the following address: http://www.forbes.com/sites/robclarfeld/2012/04/25/7-major-errors-in-estate-planning/