What are some common mistakes made while estate planning?

For many people, the idea of planning one’s estate can be overwhelming and is often avoided. Of course, no one really wants to think about life after they aren’t around. That being said, it is very important to have an estate plan to make sure that all of your wishes are respected if you can no longer make decisions on your own and that nothing that you wouldn’t approve of happens to your estate. It is important to work with an experienced estate planning attorney to make sure that you avoid the most frequently made mistakes many people make while estate planning.

One of the biggest misconceptions about estate planning is that it is only important to do if you have a lot of assets, which is simply not true. Anyone with any amount of belongings should plan their estate to make sure their wishes are respected. In addition, estate planning is a lot more in-depth than just creating a will. It also includes creating a plan for wishes related to your health and your end of life care.

It is also important not to wait too long to make an estate plan. You should make it early and update it as the years pass, each time you have a child, get married or divorced, or obtain a significant asset.

If you need help creating an estate plan, contact our firm today.

Working with an experienced estate planning attorney, such as Jaci Feldman of the Woodland Hills, California, Law Office of Yacoba Ann Feldman, will ensure that you are taken care of when you need it most. Contact The Law Offices of Yacoba Ann Feldman for a consultation today.