Top 10 Estate Planning Mistakes – Number 3

Written by Dorothy L. Korszen | dkorszen@farr.com

 

Farr Trusts and Estate Attorney Dorothy L. Korszen, Serving Punta Gorda, Venice, Englewood and Southwest FL. Call 941.639.1158. (image)

Attorney Dorothy L. Korszen
Dorothy’s practice focuses on trusts and estates, real estate, and business and corporate law.

You have finally signed your wills, trusts, powers of attorney, and took a sigh of relief that your estate plans are finally in order. But are you finished for good, or did you only take an important step in a longer process? Check back here everyday for the Top 10 Estate Planning Mistakes that can occur even in the best laid estate plans.

Number 3…Right documents, wrong beneficiaries. Time passes; your will, trust, or life insurance policy names beneficiaries who have predeceased you. You should review your beneficiary designation forms on a regular basis to make sure you still name the correct primary and contingent beneficiaries.