![]() ![]() That way your estate plan can be executed as smoothly as possible when the time comes. Review your estate planning documents every time you make changes. If an executor is unwilling or unable to act, the final decision of who should act as your executor may fall to the court and the outcome may not be what you intended.ĪVOIDING MISTAKES IN YOUR ESTATE PLAN Last Will and Testament TemplatesĮstate Planning Essentials – Check List. Ask the person you want to be your executor and have a discussion regarding their responsibilities. Sometimes people will assume that close family members or even friends are up for the task when they are not. You should revisit your estate plan is if you’ve recently experienced a major life event, such as getting married, divorced, or having or adopting a child.īeing an executor in a Will is a big responsibility. NOT UPDATING YOUR ESTATE PLAN AFTER A MAJOR LIFE EVENT.Īn estate plan is comprised of living documents, which means they can be modified as needed. Click a specific link to see all forms in that category or use the search box below to search for a specific form by name. Depending on your jurisdiction, some insurance companies may require additional documentation from family members to prove the beneficiary’s identity. It adds a layer of complexity to administering the Will. It might seem like a small, inconsequential error, but a misspelled name could cause unnecessary grief for a beneficiary. ![]() This post covers the most common issues.Ī common mistake with is misspelling beneficiary names in documents like a Will. There are some common mistakes that people tend to make. They normally include a Will (with or without testamentary trust provisions) Powers of Attorney, Enduring Guardianships and Binding Nominations. What you need to know about Estate PlanningĪn estate plan is a combination of documents that specify how you want your assets (including money) to be handled when you die. ![]()
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