You spend the first half of your adult life trying to achieve financial security and the second half of your life trying to maintain it. This adage is why many people spend substantial time and effort maximizing their legacy goals in their estate plan, ensuring their wishes come to pass. Your life’s work and ability to provide for your family provide a gratifying feeling for you and your heirs. Your careful planning, however, can go awry when last-minute changes become part of the mix, often guided by advice from well-meaning family and friends but not a professional estate planning attorney.
There are five common errors that people make that will upend your estate planning:
Leaving money to someone while you are alive but not changing your will. Frequently people include cash gifts in their will. For instance, a favo