It is common sense that every adult should create a will, However, far too many people create their will and then proceed to leave it sitting in a drawer or safe for years, gathering dust and potentially creating unseen problems.
Advice to daughter: Avoid repeating mom's estate planning error
We all make mistakes. That is simply an unavoidable part of the human condition. Of course, when we make a mistake – or notice a mistake someone else has made – it can be an opportunity to learn from the error and avoid making the same mistake in the future.
Giving the gift of the future
As Baby Boomers move in to their 60s and 70s, they are increasingly focused on the future. A recent Forbes article states that the 2018 U.S. Trust Insights on Wealth and Worth Study shows that two-thirds of people over the age of 50 want to use their wealth to better the lives of their children and grandchildren.
Do these things to choose the right executor of your will
You put a lot of time into creating a comprehensive estate plan that will give you and your family peace of mind. Don't make the mistake of choosing the wrong executor, as doing so puts your entire estate at risk upon your death.
Avoid these two common estate planning errors
One of the things people traditionally do at the end of the year is look back and assess the past 12 months and then look forward and plan for the coming dozen. One of the crucial tasks millions of Americans neglected to take care of in 2018 was to create a will. That omission is one of two widespread estate planning errors, Forbes says.
