The Ten Biggest Estate Planning Mistakes

There are a slew of mistakes you can make when planning your estate. The top ten most common are as follows:

1. Failure to Plan for Incapacity.
2. Failure to Plan for Long-Term Care Expenses.
3. Outdated Wills, Trusts and Beneficiary Designations.
4. Poor Choice of Agent, Trustee or Personal Representative.
5. Lack of Adequate Records.
6. Overuse of Wills.
7. Failing to Use Trusts to Keep Assets in the Family.
8. Failure to Communicate.
9. Inadequate Financial Planning.
10. Using Attorneys with Little Experience in Estate Planning or Elder Law.

See Joseph Cipparone, The Ten Biggest Estate Planning Mistakes, Cipparone & Zaccaro.