Avoiding Common Estate Planning Mistakes

Episode Summary:
In this essential episode of The Estate Blueprint, elder law attorney Tom Begley shares insights on the most common mistakes people make with their estate plans—and how to avoid them. From improperly drafted powers of attorney to overlooking non-probate assets and missteps in blended families, Tom breaks down what families need to know to protect assets, maintain control, and prevent unintended consequences. Whether you’re caring for aging parents or building your own estate plan, this episode offers practical, compassionate advice that can save your family stress and money.

 

Key Timestamps:

00:00 – Welcome and overview of today’s topic: estate planning mistakes
00:01 – Why a will alone is not enough if you become incapacitated
00:03 – The importance of an advanced directive and properly drafted power of attorney
00:05 – How long-term care costs can drain assets and what to do
00:07 – When to consider a Medicaid trust—and the risks of giving up control
00:10 – A unique trust option that protects your home while retaining rights
00:12 – Common pitfalls of relying solely on wills to distribute assets
00:14 – How joint accounts and beneficiary designations override your will
00:16 – The dangers of naming minor children or just one child on accounts
00:18 – Who should you appoint as executor or power of attorney?
00:21 – Why integrity and common sense matter more than birth order
00:23 – The challenges of blended families and second marriages
00:26 – Why DIY wills and internet estate planning are risky
00:28 – Final thoughts: get specialized legal advice before it’s too late

About the Show:

The Estate Blueprint is your trusted guide to building a secure future through smart estate planning. Hosted by Tom Begley, a veteran elder law attorney, each episode brings practical legal insights, compassionate advice, and real-world strategies to protect your family, your legacy, and your peace of mind.

 

Visit https://begley3law.com/ to schedule a consultation or explore resources to start or update your estate plan.