The Absolute Worst Mistakes You Can Make When It Comes to Estate Planning
Estate planning is one of those activities that people often procrastinate over. After all, whether you are young and healthy right now or you are getting older and experiencing health problems, no one wants to think about their mortality. However, this is something really important for your loved ones. Here are the absolute worst mistakes that you can make when it comes to estate planning so that you can avoid them.
- Putting it off – You may think you have more time, and then an unexpected tragedy occurs. Accidents happen all the time, so the best time to be prepared is right now. Plus, you don’t have to die to need an estate plan. It can also allow you to provide medical direction should you ever become incapacitated.
- Not reviewing it – Even if you have an estate plan already in place, you need to look over it annually to make sure nothing has changed. This is particularly important if you move to another state since estate planning laws vary across the country.
- Doing it yourself – DIY is a popular way to save money, but this one of the times to hire a professional. You need to know exactly what you are signing off on and that your documents have been executed in a proper way. Don’t leave the future of your family to chance by using some one-size-fits-all last will and testament off the Internet.
California’s Estate Planning Experts
Petrov Law Firm has the estate planning lawyers that you want helping plan ahead for the needs of your family. Call us today at 619.344.0360 to start on your estate plan or to update your existing documents.