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.
https://www.kiplinger.com/article/retirement/T021-C032-S014-10-surprisingly-common-estate-planning-mistakes.html
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