2 Common Estate Planning Mistakes
Estate planning is about more than the end of a person’s life. It is about making decisions that affect your future and the future of your loved ones. Here are a couple of the most common estate planning mistakes, so you can be sure to avoid them.
- Making a plan and never reviewing it – Estate planning isn’t a one and done activity. Circumstances can change in the blink of an eye. If you move to a different state, get married, have a child, go through a divorce, or have any other life-changing experience, you need to review your plans to make sure they are still accurate. Even if nothing major happens, you should still review your plan every three to five years to make sure it is current with the law and with your wishes.
- Leaving out advance healthcare instructions – If you are unconscious or otherwise incapacitated, your estate plan can help you still receive the medical care you want by allowing you to make advance decisions and to appoint an advocate to speak for you. Otherwise, you may be at the mercy of whatever physician happens to be caring for you in an emergency situation.
Estate Planning Help from Experienced Attorneys in Southern California
To get help in planning for your estate the right way, contact Petrov Law Firm today by calling 619.344.0360. Our experienced estate planning attorneys are ready to help you plan ahead for the future of your household. Schedule a consultation now to get your estate plan started.