How can I avoid estate planning errors?

One of the most important things to do when estate planning is to work with your lawyer to organize your assets and property. A quick overview of how it all works will help you understand what you need to do so that you can avoid some common estate planning errors. If a person dies without having created a will or trust, state laws will dictate how their property is distributed. It's important to remember that this may not be how you want your property distributed.

First, do an inventory of all your assets and their values in order to ensure that your documents are up-to-date. You'll want to be sure the circumstances at hand are the ones you anticipated. This is especially true if there have been any major life changes within your family or with regard to your finances. If you're not sure where everything is, use a checklist to make sure you haven't forgotten anything.

Your next step is to organize all of your assets by type and decide how they should be distributed. You'll want to take into account the needs and desires of not just yourself but of anyone who might inherit from you, including spouses, children, grandchildren, friends, or charities of your choice. Then, call an estate planning attorney and get an appointment.

Parklin Law LLC

5772 West 8030 South, Unit N206

West Jordan, UT 84081

(801) 618-0699

https://parklinlaw.com/estate-planning-mistakes-that-you-must-avoid/ 



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