What Mistakes Should I Avoid In My Estate Plan? скачать в хорошем качестве

What Mistakes Should I Avoid In My Estate Plan?

Estate planning attorney Neil Tyra outlines six major mistakes to avoid in estate planning: 1. Lack of a Will or Trust – Not having one, having a poorly drafted one, or failing to update it regularly. 2. Beneficiary Mistakes – Failing to update beneficiary designations on non-probate assets. 3. Communication Mistakes – Not discussing the estate plan with family members, leading to confusion. 4. Tax Mistakes – While estate tax exemptions are currently high, tax considerations should still be discussed with an attorney or financial planner. 5. Gifting Mistakes – Ensuring cash gifts can be covered by liquid assets to avoid forcing asset sales. 6. Planning Mistakes – Not having essential documents like a power of attorney and healthcare directive in place. Neil emphasizes the importance of a well-rounded estate plan to prevent future complications. If you find this video to be of value, please "like" by hitting the thumbs-up button. Do consider subscribing to our video channel so you never miss a new video. And absolutely feel free to share the video with your friends, family, and coworkers.