Common Estate Planning Mistakes

At The Day Law Office, we understand how confusing and intimidating estate planning can be. You know how important these documents can be, so you do not want to make any mistakes.

As lawyers with more than 50 years of combined legal experience, we know what it takes to make the process stress-free and seamless. Our clients in Spring Hill and throughout the surrounding Florida areas rely on us to provide the practical guidance they need when creating estate planning documents.

What Is The Most Common Mistake People Make In Estate Planning?

The most common estate planning mistake is procrastination. Many people delay estate planning, assuming it’s a task for the elderly or only those with substantial wealth. Others just put it off because they find the process confusing or distressing to consider. Procrastination can lead to an inadequate estate plan – or none at all.

Why Do Younger People Need An Estate Plan?

It can be hard to consider your mortality when you are young. However, accidents and unforeseen events can happen at any age, making it crucial to start the estate planning process early. At a minimum, you want to have a basic will in place to direct who should receive your personal effects. You should also have powers of attorney for your financial and medical needs in case you are incapacitated due to an accident or illness. That will save your family from immense complications in a serious situation.

Is It Important To Regularly Update Your Estate Plan?

Life is a dynamic process, and your estate plan needs to change when your circumstances change. Marriages, divorces, births, deaths and major financial shifts can all have ripple effects on your goals for your estate. Failing to update your plan regularly can cause unintended consequences, such as assets going to the wrong beneficiaries or outdated provisions regarding executors or powers of attorney.

Why Is It Unwise To Try To Create An Estate Plan Without An Attorney?

There are legal requirements that must be met for a will to be valid, and it is far too easy to include contradictory or vague language in a document that could cause problems.

Talk To Us About Your Estate Plan

At The Day Law Office, we offer free consultations for estate planning, so you have nothing to lose by discussing your options. Call 352-200-2382 or email us to schedule your initial appointment and let us help you decide what steps to take next.