LEVINE & SUSANECK, PAATTORNEYS AT LAW
Call for a Consultation
561-820-2967
Menu Contact

Avoid these common estate planning mistakes for a better future

When it comes to estate planning, it's natural to do whatever it takes to put the process in the past as quickly as possible. It's never easy to think about your death and what will happen to your loved ones once you're gone.

By avoiding common estate planning mistakes today, you can prevent a situation in which you have to make too many changes in the future. Furthermore, the right approach to estate planning will give both you and your family the peace of mind you're looking for.

Here are five common estate planning mistakes that you must avoid:

  • Convincing yourself you don't need an estate plan: For example, if you're single with no children you may assume that estate planning is a waste of time. This doesn't hold true for you or anyone else. Everyone can benefit from a well thought out estate plan.
  • Forgetting to make changes: As your life changes so should your estate plan. For example, divorce or marriage is likely to impact your estate plan in some way.
  • Neglecting to plan for a disability: An unexpected disability can impact your life in many ways. With the right estate plan, you can protect yourself against issues associated with this, such as the wrong person being put in charge of your affairs.
  • Forgetting to name a guardian for minor children: If you have children under the age of 18, it's critical to name a guardian, as this person will raise them in the event of your death.
  • Choosing the wrong executor: This is the person in charge of handling your affairs once you've passed. Think long and hard about who makes the most sense, as this person has many responsibilities.

These are not the only estate planning mistakes to watch out for, but they are among the most common. When you avoid these, you'll feel better about the plan you have in place and what's to come in the future.

As you create or alter your estate plan, don't forget to pay close attention to any federal or state laws that could impact your situation. Knowing your legal rights is every bit as important as the personal decisions you make.

No Comments

Leave a comment
Comment Information
Contact Us
Speak Icon

Schedule Your Free Consultation Today

Contact our Palm Beach County, Florida, office today to schedule your free initial consultation at 561-820-2967. You can also reach us online and we will respond with available times to meet. We represent clients throughout Palm Beach County and surrounding areas.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Levine & Susaneck, PA
3003 South Congress Avenue Suite 1G
Palm Springs, FL 33461

Phone: 561-820-2967
Fax: 561-820-8099
Palm Springs Law Office Map