Five Common Mistakes in Estate Planning

No one wants to think about death, let alone plan for it. But if you don’t have an estate plan in place, the state will decide who gets your assets and how they’re distributed. This can lead to costly and time-consuming legal battles between family members. Avoid these five common mistakes when creating your estate plan:

1. Not appointing a guardian for your children

2. Not naming an executor

3. Not naming beneficiaries

4. Failing to update your estate plan

5. Forgetting to include important documents like life insurance policies or bank account information