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 4…Requiring your homestead to be sold. Your homestead may be protected from creditor claims if it passes to certain persons considered heirs. If you require that your homestead be sold and the proceeds distributed to your loved ones, the proceeds may not be protected from creditor claims.