Creating a last will and estate plan doesn't just mean deciding who gets what from your acquired assets. Instead, the point of the process is to create comprehensive documents that guide your attorney, your heirs, your executor and your loved ones in the event of an extreme medical event or your death.
Although formulating an estate and long term care plan is an important step towards financial security, many people fail to have even the most basic plan and advanced directives. One potential hurdle is a fear of putting together a poor plan. Having a basic understanding of these common mistakes can help reduce the risk of making some unfortunate errors. The following are examples of the most common errors made: