The Gift That Keeps On Giving

Looking for a last minute gift idea for your family and loved ones this holiday season? How about putting together an effective estate plan to protect them in the future? The gift of a solid estate plan can save your family and loved ones time, money, and headaches down the road. It is important to put in the time now to make sure your affairs are in order as mistakes in your estate plan can have devastating consequences after your death. A recent piece from Kiplinger highlights the twelve most common estate planning mistakes to avoid:

• Putting off estate planning until it is too late

• Creating "do it yourself" estate planning documents

• Failing to inform loved ones

• Making documents inaccessible to loved ones

• Completing only some of the necessary documents

• Leaving out digital assets

• Failing to make final arrangements

• Overlooking tax consequences

• Appointing an untrustworthy executor or trustee

• Being unaware of recent legislation

• Failing to establish an estate plan at all

Wishing you a happy and safe holiday season!