SEVEN COMMON OVERSIGHTS IN ESTATE PLANNING
Natural disasters, like Covid 19, are not something we can plan for; they happen at the whim of the environment. However, in the work that I do with our elder law and special needs team, I have learned that there are definitely things that can be planned for so that our loved ones do not face a crisis without our prior and proper preparation. Benjamin Franklin once said, “By failing to prepare, you are preparing to fail.” The moment the tornado hits is not the time to think that you should have re-evaluated your homeowners insurance, a medical or family crisis is not the time to think about the fact that you never got around to updating your estate plan. Below are some mistakes commonly seen that I encourage everyone to think about.