What are the most common estate planning mistakes?

Answer: Some of the most common estate planning mistakes are:

  1. Failure to have a Will or Trust.
  2. Putting assets in joint names with children.
  3. Incorrect beneficiary designations.
  4. Incorrect titling of property.
  5. Not planning to reduce taxes.
  6. Appointing the wrong person as executor or trustee.
  7. Doing it yourself.
  8. Thinking your existing attorney has all the answers. Get a specialist.
  9. Failure to review and update your estate plan on a regular basis.