{"id":9460,"date":"2022-03-11T22:29:50","date_gmt":"2022-03-11T22:29:50","guid":{"rendered":"https:\/\/ogbornelaw.com\/?p=9460"},"modified":"2023-07-14T19:14:08","modified_gmt":"2023-07-14T19:14:08","slug":"estate-planning-problems","status":"publish","type":"post","link":"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/","title":{"rendered":"Estate Planning Problems"},"content":{"rendered":"<p>The most general estate planning mistakes are easily avoided if you know what to look for. Use the following to guarantee you\u2019re well protected.<\/p>\n<p>Whereas creating your Estate Plan is important, creating one that avoids general mistakes and problems is vital. Essentially, you don&#8217;t want to take the time it takes to devise a plan to safeguard your loved ones, just to have it peppered with errors causing them stress and strain at the end.<\/p>\n<p>Making sure you have knowledge of general Estate Planning mistakes means you are going to be more likely to not make them. So if you are devising your first plan ever, or you\u2019re bringing up to date one already in place, get familiar with what can hinder you, so you can write an ideal plan that achieves precisely what you visualize at the same time you\u2019re protect your legacy.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#The_Thirteen_Most_General_Estate_Planning_Mistakes\" >The Thirteen Most General Estate Planning Mistakes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Not_Planning_at_All\" >Not Planning at All<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Not_Speaking_with_Family_and_Friends\" >Not Speaking with Family and Friends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Appointing_Only_One_Beneficiary\" >Appointing Only One Beneficiary<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Failing_to_Remember_About_Power_of_Attorney_or_Healthcare_Representatives\" >Failing to Remember About Power of Attorney or Healthcare Representatives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Failing_to_Remember_About_Final_Arrangements\" >Failing to Remember About Final Arrangements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Failing_to_Remember_About_Your_Digital_Assets\" >Failing to Remember About Your Digital Assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Failing_to_Remember_About_Charities_that_are_Important_to_You\" >Failing to Remember About Charities that are Important to You<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Mindless_of_Your_Childrens_Futures\" >Mindless of Your Children\u2019s Futures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Getting_Too_Specific\" >Getting Too Specific<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Improperly_Funding_Your_Trust\" >Improperly Funding Your Trust<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Failing_to_Remember_About_Taxes\" >Failing to Remember About Taxes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Not_Securing_Your_Estate_Plan\" >Not Securing Your Estate Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Updating_Your_Plan_Too_Infrequently\" >Updating Your Plan Too Infrequently<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Source\" >Source:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-problems\/#Arizona_Family_Law\" >Arizona Family Law<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Thirteen_Most_General_Estate_Planning_Mistakes\"><\/span>The Thirteen Most General Estate Planning Mistakes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since it can be easy to forget specific things when devising an Estate Plan, the below guide is going to help you. It brings to light the most common Estate Planning mistakes there are, including:<\/p>\n<ul>\n<li>Not planning at all<\/li>\n<li>Not speaking with family and friends<\/li>\n<li>Appointing only one Beneficiary<\/li>\n<li>Fail to remember about Power of Attorney or Healthcare Representatives<\/li>\n<li>Fail to remember about final arrangements<\/li>\n<li>Fail to remember about your digital assets<\/li>\n<li>Fail to remember about charities that are important to you<\/li>\n<li>Mindless of your children&#8217;s futures<\/li>\n<li>Getting too particular<\/li>\n<li>Improperly funding your trust<\/li>\n<li>Failing to remember about taxes<\/li>\n<li>Not safeguarding your Estate Plan<\/li>\n<li>Bringing your plan up to date too rarely<\/li>\n<\/ul>\n<ol>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Not_Planning_at_All\"><\/span>Not Planning at All<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>The greatest mistake you can possibly make concerning your Estate Plan is obviously not taking the time to do it. Regrettably, it\u2019s something too many people put off doing &#8211; but failing to give priority to your Estate Plan, or not guaranteeing it\u2019s complete, at the end of the day means you are putting at risk the financial future of your estate, your legacy and above all, your loved ones.<\/p>\n<p>How to Fix It: If you haven\u2019t already begun your Estate Plan (or if it\u2019s been five years plus since you\u2019ve updated it, or if you\u2019ve recently had a significant life event), take time to sit down and either start or go over your plan.<\/p>\n<ol start=\"2\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Not_Speaking_with_Family_and_Friends\"><\/span>Not Speaking with Family and Friends<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Obviously, there are exceptions to this rule, but, when possible, it\u2019s usually wise to have even a small discussion with your friends and family. Setting anticipations now, in which there is a chance for discussion when needed, could lessen the probability that there is any dispute or disagreement following your passing away. When this is not an option, there is terminology you are able to write into portions of your Estate Plan that specify anyone that challenges anything may be written out.<\/p>\n<p>How to Fix It: Put time aside in advance to talk about your Estate Plan with your spouse or anyone you\u2019ve appointed Executor or Trustee and consider notifying specific individuals you name in your Will and\/or Trust.<\/p>\n<ol start=\"3\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Appointing_Only_One_Beneficiary\"><\/span>Appointing Only One Beneficiary<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>You need to have more than one beneficiary appointed for any of your assets. Should a beneficiary pass away prior to you, you are going to want to have what\u2019s referred to as a provisional beneficiary. This individual is going to be replacement to your estate or any certain asset. Preferably, you should have more than one provisional beneficiary appointed.<\/p>\n<p>How to Fix It: With each asset, account and\/or policy, make sure to appoint a primary and one or more provisional beneficiaries.<\/p>\n<ol start=\"4\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Failing_to_Remember_About_Power_of_Attorney_or_Healthcare_Representatives\"><\/span>Failing to Remember About Power of Attorney or Healthcare Representatives<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Appointing a Power of Attorney &#8211; medical or financial &#8211; and\/or a Healthcare Representative is critical, as these are the individuals that would step in to make decisions should you become debilitated. Remember that in a lot of cases, these roles disperse upon your passing.<\/p>\n<p>How to Fix It: When your Living Will doesn\u2019t appoint a Power of Attorney or a Healthcare Proxy, be sure you have separate documents that appoint a trusted individual(s) to make vital financial and medical decisions on your behalf.<\/p>\n<ol start=\"5\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Failing_to_Remember_About_Final_Arrangements\"><\/span>Failing to Remember About Final Arrangements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Your loved ones are going to be grieving following your passing away but planning ahead of time what you would wish to have happen (concerning your funeral and\/or burial arrangements) can be a blessing for those you\u2019re leaving behind. One other important element to this is making sure your wants for end-of-life care are acknowledged (such as hospice, assisted living, etc.).<\/p>\n<p>How to Fix It: Consider how you would want your life observed and what kind of funeral, observance or burial you wish for. Put it in writing so your loved ones know precisely what they are able to do to honor you. Furthermore, end-of-life planning documentation can be included in your Estate Plan also. All of this both guarantees your last wishes are going to be recognized while reliving some strain for the people grieving your loss or not knowing what you would want.<\/p>\n<ol start=\"6\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Failing_to_Remember_About_Your_Digital_Assets\"><\/span>Failing to Remember About Your Digital Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>The premise of Digital Estate Planning is somewhat new, given the technological advances in today\u2019s world. Make sure to include a Digital Estate Plan that provides how you are going to want all your digital assets to be managed following your passing away. This might be anything like social media accounts, banking online, and e-mail accounts, etc.<\/p>\n<p>How to Fix It: Part of your Estate Planning needs to definitely include a Digital Estate Plan. Just as you would do with other parts of your plan, you are going to want to appoint a Digital Executor that can guarantee all your digital assets are managed properly.<\/p>\n<ol start=\"7\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Failing_to_Remember_About_Charities_that_are_Important_to_You\"><\/span>Failing to Remember About Charities that are Important to You<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Specifically, if you have a big estate, but even if you\u2019re not incredibly wealthy, you are still able to distribute some of your assets for the benefit of a charity that is important to you.<\/p>\n<p>How to Fix It: There are several ways you are able to leave portions of your estate to charities. Including the gift you are going to want to grant in your Estate Plan is one method to make sure your wishes are honored. Or, you can appoint a charity as a beneficiary of an asset \u2013 such as the revenue from investments or life insurance policy.<\/p>\n<ol start=\"8\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Mindless_of_Your_Childrens_Futures\"><\/span>Mindless of Your Children\u2019s Futures<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Whereas your directions may be well-intentioned, there are cases in which how you are wording things might come back to plague your children or heirs. When your children are very young, you might want to include guidelines on how their guardian(s) needs to spend assets, either for the caring of them, or for benefiting them in other ways.<\/p>\n<p>Other mistakes might include presuming your children are going to want something, when in reality, they might not. For instance, it is your intention to pass down a 2nd home that\u2019s been in your family for decades, with the condition that it can only be sold when every child is married with their own 2nd home. But what is going to happen when one of the children does not want to get married? Or does not want to own a home? In these cases, significant legal fees and depreciation of an asset might impact the entire size of your estate as heirs go through the courts for gaining allowances.<\/p>\n<p>How to Fix It: It\u2019s always wise to leave specific instructions on how you are going to want inheritances transferred to minors. Does it need to be based on age? Marital standing? College graduate? And obviously, think very carefully concerning how you word any conditions on an inheritance.<\/p>\n<ol start=\"9\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Getting_Too_Specific\"><\/span>Getting Too Specific<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>It\u2019s a good idea that you to be as specific as you can when devising your Estate Plan. Nevertheless, there is one provision to that. You might own assets at some point in life that you possibly not have in your future. Are you placing stocks into your plan? Property? Baseball season tickets? Are these the things you are guaranteed to have in your future?<\/p>\n<p>How to Fix It: For avoiding difficulties from being too specific just comes from Estate Plan management best practices. Go over (and update when required) your Estate Plan at least every 3 to 5 years, or anytime you have a significant life event. When you sell property that was in your initial Estate Plan document, make sure you modify it as soon as you can.<\/p>\n<ol start=\"10\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Improperly_Funding_Your_Trust\"><\/span>Improperly Funding Your Trust<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>A Trust is an ideal component to have in just about any Estate Plan &#8211; but it could all be for nothing if it is not properly funded. Creating a Trust is only just the beginning; it\u2019s worthless unless it\u2019s actually funded.<\/p>\n<p>How to Fix It: Adhere to all the steps of funding your Trust and make sure you know exactly what you are required to do. Including everything from the way to title your assets, to the way to acquire your taxpayer identification number (TIN), to the way of handling your personal belongings and assets that are without titles as opposed those that do, and a lot more.<\/p>\n<ol start=\"11\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Failing_to_Remember_About_Taxes\"><\/span>Failing to Remember About Taxes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Estate tax liability could put a huge reduction in what you plan on leaving behind for your beneficiaries. As well as your estate owing taxes prior to beneficiaries being paid out, you also want to consider about how your gifts are going to affect individual heirs, too.<\/p>\n<p>How to Fix It: Usually, estate tax liability is not going to be a huge issue. Unless you have a larger estate ($11.58m each person or $22.36m each couple), your estate is not going to be taxed at a federal level. Don\u2019t forget, in not many years, unless an extension is carried out, the law is going to revert back to the previous $5 million exemption restriction. In addition, you should find out if the state you and your beneficiaries live in comes with a state estate tax, and comprehend what the limits are prior to you writing your Will or Trust.<\/p>\n<ol start=\"12\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Not_Securing_Your_Estate_Plan\"><\/span>Not Securing Your Estate Plan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Having the greatest Estate Plan there is, is not going to accomplish anything when your heirs can\u2019t locate it. Shy away from placing your plan in a safety deposit box &#8211; it can become difficult when your loved ones try to access it following your passing away. However, you do want to keep all of your Estate Planning paperwork together and in a safe place.<\/p>\n<p>How to Fix It: Placing your Estate Plans in a fire-proof safe is a brilliant idea. Don\u2019t forget to give notice to your spouse or other trusted family members or friend know where it is located.<\/p>\n<ol start=\"13\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Updating_Your_Plan_Too_Infrequently\"><\/span>Updating Your Plan Too Infrequently<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Regrettably, Estate Planning is not a set-it-forget-it document. You should to keep it up to date, and be sure it is a reflection of all your life changes as they rise. As mentioned above, any significant life event could be the reason for an update &#8211; this might include getting married, getting divorced, the birth of a child or passing away of a member of your family or beneficiary.<\/p>\n<p>How to Fix It: Along with updating your Estate Plans following any significant life event, don\u2019t forget how important it is to do a overall review around 3 to five 5 (even when no significant life events has happened).<\/p>\n<p>Devising an Estate Plan is one of the most unselfish things you are able to do for family and loved ones. However, do not let your good intentions slip to the wayside because you\u2019ve make any of these inadvertent Estate Planning mistakes.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Source\"><\/span>Source:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ol>\n<li>\n<p style=\"margin-left: 28.35pt; text-indent: -28.35pt;\">Writer, S. (2022, February 1). <a href=\"https:\/\/trustandwill.com\/learn\/estate-planning-mistakes\">13 Estate Planning Mistakes &amp; How to avoid them.<\/a> Trust &amp; Will. Retrieved March 11, 2022, from https:\/\/trustandwill.com\/learn\/estate-planning-mistakes<\/p>\n<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Arizona_Family_Law\"><\/span>Arizona Family Law<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m14!1m8!1m3!1d13295.289322404855!2d-111.972881!3d33.583962!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x0%3A0xa02db9a3ce093e9d!2sOgborne%20Law%20PLC!5e0!3m2!1sen!2sus!4v1575490314048!5m2!1sen!2sus\" width=\"100%\" height=\"150\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>There\u2019s nothing better than the peace of mind you will\u00a0have knowing you\u2019ve protected your family at a time when they need it most. Let us help. <a href=\"https:\/\/ogbornelaw.com\/schedule-a-consultation\/\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/schedule-a-consultation\/\">Schedule a consultation<\/a> or <a href=\"https:\/\/ogbornelaw.com\/contact\/\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/contact\/\">contact<\/a> Ogborne Law, PLC of Arizona today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The most general estate planning mistakes are easily avoided if you know what to look for. Use the following to guarantee you\u2019re well protected. Whereas creating your Estate Plan is important, creating one that avoids general mistakes and problems is vital. Essentially, you don&#8217;t want to take the time it takes to devise a plan&hellip;<\/p>\n","protected":false},"author":3,"featured_media":10546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-9460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning","category-37","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Estate Planning Problems - Ogborne Law<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estate Planning Problems - Ogborne Law\" \/>\n<meta property=\"og:description\" content=\"The most general estate planning mistakes are easily avoided if you know what to look for. Use the following to guarantee you\u2019re well protected. Whereas creating your Estate Plan is important, creating one that avoids general mistakes and problems is vital. 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