Many wealthy people think they are immune from making estate planning mistakes. That thought is their first mistake. They often commit many more.
When it comes to estate planning most wealthy people have heard about mistakes that other wealthy people have made. They all tend to think they would never make the same mistakes.
However, the wealthy make the same mistakes over and over again, so the most common mistakes are worth repeating in the hopes they will sink in through repetition.
Recently, the Wills, Trusts & Estates Prof Blog published an article titled “Five Estate Planning Mistakes Made By the Wealthy.”
The list includes:
Don’t fall prey to these otherwise avoidable mistakes.
Contact an experienced estate planning attorney to help you navigate these shoals.
Reference: Wills, Trusts & Estates Prof Blog (July 18, 2015) “Five Estate Planning Mistakes Made By the Wealthy.”
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