Common Mistakes People Make When Estate Planning

Common Mistakes People Make When Estate Planning

When it comes to estate planning, there are some common mistakes that people make. Here are some of the big ones, and why you don’t want to make the same errors.

• Leaving it for later – An accident can happen to anyone. Don’t leave your legacy up to chance simply because you don’t like thinking about your own mortality.
• Never doing it – Some people have the mistaken impression that estate planning is only for people who have millions of dollars. Regardless of the size of your estate, you should be planning ahead for the future. Estate planning is about more than just money.
• Not planning for medical emergencies – Sure, you have plans for when you die, but what about if you live? Whether you are in a coma or are just temporarily incapacitated, you want a plan in place so that someone can look after your material possessions until you regain the ability to do so or you leave them to your beneficiaries. It is this in-between gap that many people fail to plan for.

Planning for Your Future the Smart Way

If you want to plan ahead for your future in southern California, then enlist the help of the qualified estate planning attorneys at Petrov Law Firm. We can help you to avoid the pitfalls of estate planning so that things go as you plan, even if you are not there to see the plan through yourself. To get started, call 619-344-360 and schedule a consultation today.