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The mistakes that could impact estate planning efforts

by | Jan 22, 2023 | Estate Planning

Planning for the future can be an emotionally challenging process as it is not easy to consider what will happen to one’s property and assets after passing away. Estate planning can be difficult as it requires a Nevada adult to consider his or her own mortality and other sensitive topics. Despite the complexity of estate planning, it is important to be cautious and careful while navigating this as even simple mistakes committed during the process could result in complications. 

Minor missteps can lead to major problems 

Even a simple mistake made during the estate planning process can lead to complex issues in the future. Problems may not be evident until years later when it is time to settle the estate. Some of the most common estate planning mistakes include: 

  • Including plans that are confusing or easily misunderstood 
  • Having an estate plan that is incomplete or contains errors 
  • Including terms that are technically not legal or enforceable 
  • Failing to tell loved ones about the location of plans or intentions 

These may not seem like major missteps, but, they can lead to complications and issues for heirs and beneficiaries.  

A careful review and experienced help 

It is beneficial to seek the guidance and support of a knowledgeable estate planning attorney. He or she can evaluate an existing plan to determine if changes or additions are necessary, as well as provide insight into creating a plan that provides security for the future. Avoiding mistakes during the estate planning process can start by seeking an assessment of the specific estate, individual goals and other factors.