Category: Mistakes

The 10 Most Common Mistakes in Estate Planning

Relaxing woman enjoying a lakeside view with mountains in the background, sitting on a wooden chair.

1. Failure to Plan A. Believing that their estate is not large enough to warrant any kind of planning (confusing probate exemptions with estate tax exemptions). i. Probate begins if an estate has $75k of titled real estate or $75k of titled personal property (i.e., cars, bank accounts, etc.). Probate is the process of transferring […]