Wednesday, January 25, 2017 – The 5 Biggest Estate Planning Blunders (10am)

“The 5 Biggest Estate Planning Blunders”

1)   Making poor choices for handling your finances and medical care when you become incapacitated or go into a long-term care facility.

2)  Leaving your IRA to your Estate where it may be subject to creditor claims.

3)  Forgetting to update your beneficiaries after a divorce or death can be dangerous. Also, bank mergers and financial brokerages mergers can create incorrect beneficiary designations.

4)  Failing to sign a Health Care Directive or a HIPAA Release. This can be trouble if you have remarried and your spouse and kids are at odds.

5)  Leaving a trust unfunded. A trust is like a house – it only protects what is in it so any assets left out of the trust are unprotected and probably will have to go through probate.