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Mistake #1 for Your Estate Plan

Mistake #1 for Your Estate Plan

November 02, 2021
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There are certain relationships in your life that, to be successful, really need to be built on trust. Your physician, for example. Your attorney. And yes, your financial professional, too. As a client, it’s critical that you receive informed advice and sound guidance based on your goals. The responsibility of any financial professional is to be realistic about the future and a client’s financial picture. 

One of those topics is estate planning. Often clients can become uneasy when the discussion of an estate plan comes up. Thoughts that estate plans are too expensive to create, or that you only need one if you’re a millionaire couldn’t be further from the truth. In fact, not having an estate plan in place is one of the biggest mistakes clients make, directly impacting their loved ones in ways they never anticipated. Over the coming months, you’ll be receiving a list of the top five estate planning mistakes to avoid. Read them. Consider them. And if you want to discuss any of the topics covered in these monthly emails, reach out and we’ll connect. It’s too important not to. 

Here’s Estate Planning Mistake #1: Ignoring basic documents

  • A will ensures your wishes are honored regarding your assets and, if you have minor children, their guardianship. Click here for a basic will form.
  • A Durable Power of Attorney designates a person to make decisions about your finances if you’re incapacitated. Click here for a listing of Durable Power of Attorney forms for your state.
  • A Living Will ensures your healthcare wishes are followed. For example, if you don’t wish to be resuscitated, or kept alive by artificial means. Click here for a listing of Living Will forms for your state.
  • A Medical Power of Attorney directs healthcare needs if you’re unable to decide for yourself. Click here for a listing of Medical Power of Attorney forms for your state.

It’s a good idea to have an attorney review your documents, especially if you have a larger estate or multiple heirs, but these offer a good start. Take a look, and let’s connect and review your estate assets together.

Additionally. we are an authorized vendor for the Legal Shield program, which can help provide low cost access to the services of an attorney. To learn more about the plan, and to sign up for a subscription, click here.


PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. We make no representation as to the completeness or accuracy of information provided at these web sites.