Estate Planning for the 99%

It is important to remember that no matter the client’s net worth, a goal of estate planning is to be sure that the proper documents are in place and that the plan is coordinated. Here are some common estate planning mistakes that most clients make—and how to avoid them.

  • Outdated or unsigned estate planning documents 
  • Lack of complete beneficiary designation forms
  • Lack of understanding that a transfer for insufficient consideration is a gift
  • Not understanding the consequences of jointly owned bank accounts

Click here to read Patricia’s complete article as it appears in CPA Insider.