10 Common Estate Planning Mistakes

Great article from Kiplinger’s June 2018 issue!  The following is a bullet list of 10 Common Estate Planning Mistakes:

1 – Not naming contingent beneficiaries on your retirement accounts and life insurance policies.

2 – “Selling” Property for $1.00.

3 – Naming specific investments in your will.

4 – Not thinking through a well-intended gift.

5 – Leaving assets directly to a minor and not being clear as to how the assets are to be used.

6 – Not planning for the death of a beneficiary.

7 – Ownership mistakes and imbalances of husband/wife assets.

8 – Not having a residuary clause.

9 – Not planning for the unexpected.

10 – Not dealing with your own immortality.

Click on the link to read the specifics.


About Lauren Caisse

Lauren Caisse was admitted to practice in both Massachusetts and Rhode Island in 2004.