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Home / Practice Areas / When to Consider Estate Planning & Common Mistakes to Avoid

When to Consider Estate Planning & Common Mistakes to Avoid

Some people believe that estate planning is an issue only for the elderly or infirm. Those people are wrong. In fact, every person should have an estate plan, including young, healthy individuals — especially those with minor children or other dependents.

If you are considering creating an estate plan, it is imperative that you speak with the experienced Palm Beach County estate planning attorneys at Bankier & Arlen Law Group, PLLC.

Common estate planning mistakes to avoid

At Bankier & Arlen Law Group, PLLC in Delray Beach and New York City, we guide people of all ages through the estate planning process. We can help you ensure that your loved ones, assets and legacy are protected and secure. No estate is too large or complex. Below are some of the most common mistakes people make in estate planning:

  • Not having a will or trust
  • Not having a living will, updated power of attorney or updated health care surrogate
  • Not having your estate plan reviewed on a regular basis
  • Failing to update your estate plan when tax laws change or when life-changing events occur
  • Leaving assets to beneficiaries without the protection of a trust
  • Not funding a living trust
  • Using a joint trust instead of individual trusts
  • Leaving assets as joint tenancy

Trust Bankier & Arlen Law Group, PLLC for experienced Palm Beach County estate planning attorneys

Protect your legacy. Preserve your wealth. Contact Bankier & Arlen Law Group, PLLC online or call our Delray Beach office at 866.919.6329 for comprehensive legal counsel for your estate planning and business succession needs.