gettyYour estate plan is much more likely to be successful when you recognize and avoid the most common mistakes and take some key actions that often are overlooked. An estate plan isn’t going to be successful unless the heirs understand the property, your intentions for it, and how to manage it. Too often, the details of the estate plan itself cause or exacerbate family conflicts or resentments. Gift giving often is a key element of an estate plan. That’s a pretty good start on the road to estate plan failure.

Source: Forbes May 27, 2021 11:15 UTC