Estate Planning Mistake Three: No Wealth Transfer Strategy

Estate Planning Mistake #3
No Wealth Transfer Strategy

After you are gone, I am sure you want to see your assets dispersed according to your wishes so that your spouse, children, grandchildren, siblings and other close family members can share in the savings that you accumulated during your life.

In order for the wealth transfer process to go smoothly, you’ll want to develop a well thought out wealth transfer plan. I say “well thought out” because you want to make sure your plan is tailored to your specific needs. That means that it addresses your assets and your unique family unit.

In part three of my presentation on “12 Common Estate Planning Mistakes and How to Avoid Them,” I discuss some of the important things you want to take into consideration when devising your wealth transfer plan and how to actually create the legal documentation needed to avoid a messy, expensive and long probate nightmare.

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