Following the death of a loved one, close family members are sometimes surprised to learn that they didn’t receive the inheritance they were expecting, and that the deceased instead left most of their estate to an individual they only recently met, who wasn’t even a relative. While it’s not always the case, in some situations this can mean your loved one was taken advantage of by a bad actor, who manipulated him or her into cutting out close family members from their plan and leaving assets to the bad actor instead.
Read MoreEstate planning is definitely not a one-size-fits-all endeavor. Even if you think your particular situation is simple, that turns out to almost never be the case. To demonstrate just how complicated estate planning can be, last week in part one, we highlighted the first five of 10 of the most common estate-planning mistakes, and here we wrap up the list with the remaining five mistakes.
Here’s part two of the series “10 Common Estate Planning Mistakes Your Family Can’t Afford to Make”. Check it out now!
Read MoreLast week, in part one of this series, we covered the first two ways DIY estate plans can fail, and this week, I’ve covered the remaining three:
Choosing the Wrong Executors or Trustees
Lost and Unclaimed Assets
Unforeseen Conflict Between Family Members
Read it now on our website!
Do a Google search for “digital wills” or “online estate planning,” and you’ll find dozens of different websites offering low-cost, do-it-yourself (DIY) and sometimes even free estate planning documents, such as wills, trusts, powers of attorney, and healthcare directives.