Our posts recently have been focused on the estates of deceased celebrities. It is worth noting that when celebrity estate planning makes news headlines, it is never because their estate plans were air-tight and that nothing was disputed. Rather, these are cautionary tales about why it is important to have up-to-date, clearly written estate plans in place.
Today, we'll discuss some common mistakes that people make when drafting an estate plan or considering one. Most experts would tell you that perhaps the biggest and most fundamental mistake in estate planning is thinking you don't need one. We all need an estate plan, regardless of age and personal wealth.