While you might think that an estate plan is something that is only for the rich, it’s not. If you have anything of value to your name, it is important to have an estate plan
in place. When it comes to estate planning, there’s more to it than knowing what to do. You also need to know what NOT to do. Let’s take a look at some estate planning mistakes to avoid from an estate planning lawyer in Boca Raton.
Not Having an Estate Plan
Ok, this one might seem obvious but it is still worth addressing. The most common mistake when it comes to estate planning is simply not having one. While we know it’s not pleasant to think about dying, it’s important to make sure you have all your affairs in order for when that day finally comes.
Not Keeping Your Will Updated
Life changes, we don’t need to tell you that. But with every major life change comes a need to reflect that in your will
. Births, deaths, divorces, and new property acquisitions can all be things that need to be updated in your will. Not keeping it updated can lead to major headaches for your family members after you die.
Choosing the Wrong Person
Choosing the right person
to handle your estate is just as important as having an estate plan. While you might think that your spouse, child, or family member might be the best person, that’s not always the case. Sometimes a person that can be objective and “doesn’t have a dog in the fight” is the best choice.
Are You Looking for an Estate Planning Lawyer in Boca Raton?
When it comes to setting up an estate, it’s important to have the right people helping you out. Contact us
today to learn more about our estate planning services.