${site.data.firmName}${SEMFirmNameAlt}
Throughout Southern California
310-324-9403
Toll-Free
866-402-1805
View Our Practice Areas

Estate Planning Mistakes You Can Learn From

Of course, there's no shortage of ways in which people can stumble when it comes to making their after-death arrangements. That's why we rounded up some classic estate planning mistakes that people tend to make, so you'll know what not to do when it comes to prepping your own estate plan.

Probate attorneys continue to see the same mistakes causing estate administration problems over and over again. These common estate planning mistakes can be avoided if you just do your homework.

Recently Forbespublished a list of some of these mistakes in an article titled "7 Common Estate-Planning Blunders Not To Make."

Their list includes:

  • Assuming only the wealthy need estate plans - Even if you do not think you have enough assets for an estate plan, do not assume someone else will think it is enough to fight over after you pass away.
  • Assuming your finances are too simple - No matter how straight forward your accounts seem to be, your estate can still benefit from proper planning.
  • Waiting too long to plan - You never know when something might happen. You cannot plan your estate after a tragic event. It needs to be done before.
  • Forgetting digital assets - An estate plan should include information about your digital accounts and property.
  • What ifs? - Estate plans should cover contingencies such as divorce, new children and death. Many people do not plan for what will happen when circumstances change.
  • Pets - If you have pets, you need to plan for what will happen to them after you pass away.
  • Naming a trustee - Most people name a trustee without putting enough thought into the matter. This can lead to making bad choices.

This list compiled by Forbes is not all-inclusive, but it is a good start. You will never live long enough to make all of the mistakes in life, but you can learn from these common estate planning mistakes made by others. An experienced estate planning attorney can help you avoid these mistakes as well as others.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard West
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map
Check out The Law Firm of Kavesh, Minor & Otis on Yelp
Check out Kavesh Minor & Otis on Yelp
Check out The Law Firm of Kavesh, Minor & Otis - Orange on Yelp
Check out The Law Firm of Kavesh Minor & Otis - Pasadena on Yelp