Ep 19: Are You Making These Critical Estate Planning Errors?

Not everyone wants to leave behind a financial legacy, but for those that do, it’s important to eliminate some of the common estate planning mistakes. Today we’ll identify five of those and explain what you need to do to keep your plan on track.

 

Show Notes: https://philstaxhacks.com/podcast/ep-19-are-you-making-these-critical-estate-planning-errors/ 

 

Today's Rundown: 

 

 

0:43 – Excited for the holidays and getting some time with family.

1:45 – In the News: Any market effects from the impeachment hearings?

3:38 – Moving into our main topic this week and that’s estate planning mistakes.

4:00 – Failing to plan for expenses that you can expect to happen, like healthcare.  

5:34 – When is the last time you’ve updated your beneficiary designations?

8:02 – Failing to take steps to avoid conflict for your heirs and family.

10:17 – We had a family that held an auction with fake money that family could bid on items.

11:11 – Don’t make the mistake of transferring real estate while living rather than at death.

13:12 – Don’t forget to consider the tax implications of your estate.