In our previous post, we began looking at a recent article discussing common mistakes in estate planning. As we noted, among the most common are: selecting an improper trustee, executor, or guardian; improper beneficiary selection; poor distribution of personal property; and failing to elect powers of attorney.
Estate planning can be a fairly involved process, depending on the size of your estate, your goals, or complicated family dynamics. For others, estate planning can be a relatively straightforward process. In either case, it is possible to make mistakes.