Forbes Magazine on April 25 published an article titled “7 Major Errors in Estate Planning.” The seven errors listed are a no-nonsense list of the mistakes we Estate Planning lawyers see daily. They are:
1. “Not having an Estate Plan.”
2. “Online Do-It-Yourself Estate Planning rather than using an experienced Estate Planning attorney do the work.”
3. “Failure to Review Beneficiary Designations and Titling of Assets.”
4. “Failure to Consider the Estate and Gift Tax Consequences of Life Insurance.”
5. “Not Maximizing Annual Gifts.”
6. “Failure to Take Advantage of the Estate Tax Exemption in 2012.”
7. “Leaving assets outright to Adult Children.”
Click here to view the entire article.
At the Law Firm of Steven Andrew Jackson, Attorney and Counsellor at Law, we have helped hundreds of families protect themselves and their loved ones, avoid Estate Taxes and Probate Costs, and keep their Estate Plans current with the law through The Customized Protective Estate Planning Solution™.