- posted: Mar. 07, 2022
#1: Failure to Understand How Your Assets Will Pass On Your Death
#2: Trying to Plan an Estate Around Specific Assets
#3: Failure to Minimize Taxes
#4: Failure to Avoid Probate
#5: Relying on Joint Tenancy to Avoid Probate
#6: Loss of Control by Adding Someone Else’s Name to Your Account
#7: Putting the House (or other assets) in Joint Tenancy with Children
#8: Failure to Make Special Provisions for a Disabled Beneficiary.
#9: Failure to make Special Provisions for the Spendthrift Child
#10: Trying to “Do It Yourself”
#11: Failing to Realize That Wills Can Always Be Changed by the Maker
#12: Trying to Leave Property to a Minor Child or Grandchild
#13 Failure to Consider the Income and Property Tax Aspects of your Assets
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#14: Gifting Highly-Appreciated Assets
#15: Failing to Fund Your Living Trust
#16: Relying on Wills for Estate and Tax Planning
#17: Not Doing a New Estate Plan While a Divorce is Pending
#18: Failure to have Gifting Powers in Your Power of Attorney
#20: Not Having and Estate Plan at All
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