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Do Not Make These Common Estate Planning Mistakes – Elder Law Attorney Woodstock, GA

People make all kinds of different estate planning mistakes. Some types of mistakes are fairly rare, but there are many mistakes that people commonly make when estate planning.

Someone made a common estate planning mistake that could have been avoided.  This mistake, in turn, is the reason an estate administration becomes difficult and expensive.  Unfortunately, probate attorneys continue to see the same mistakes causing estate administration problems over and over again.

Recently Forbes published 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 not 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 elder law or estate planning attorney can help you avoid these mistakes as well as others.

Reference: Forbes (September 15, 2014) 7 Common Estate-Planning Blunders Not To Make

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“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce