10 Common Estate Planning Mistakes Your Family Can't Afford to Make-Part 2

Estate planning is definitely not a one-size-fits-all endeavor. Even if you think your particular situation is simple, that turns out to almost never be the case. To demonstrate just how complicated estate planning can be, last week in part one, we highlighted the first five of 10 of the most common estate-planning mistakes, and here we wrap up the list with the remaining five mistakes.

Here’s part two of the series “10 Common Estate Planning Mistakes Your Family Can’t Afford to Make”. Check it out now!

Timothy ScottJune 14, 2022family plan, guardianship, DIY, wills, trust, estate plan, courts

Almost Three Years After Her Death, Aretha Franklin’s Poor Estate Planning Continues To Haunt Her Family—Part 2

Nearly three years have passed since Aretha Franklin, known as the “Queen of Soul,” died from pancreatic cancer at age 76. At the time, her total fortune was estimated to be worth up to $80 million. Yet due to poor estate planning, the late singer’s children have yet to see a dime of their inheritance, and what they ultimately do receive will be significantly depleted by back taxes. Moreover, it’s still not clear whether or not Aretha ever had a valid will.

Consider This Before You Create A Will Online

A last will and testament is the most commonly thought-of document when it comes to an estate plan. But really it is only a very small part of an integrated plan that ensures your family stays out of court and out of conflict if and when something happens to you.

Timothy ScottMay 25, 2021DIY, will, estate plan, estate planning, kpp, kids, kids protection plan

Online Wills? When You Should, When You Shouldn't, and Where to Do It

With all of the media about “digital wills” and “online estate planning” it could be tempting to think you can do your estate planning yourself, online. And, maybe you can. But, if you do, you need to know the potential pitfalls. Online estate planning could be a big trap for the unwary and actually leave your family worse off than if you had done nothing at all.

Timothy ScottJune 16, 2020estate plan, estate planning, will, trust, conflict, DIY, digital

6 Steps to Select and Name the Right Guardians for Your Children—Part 2

One of your most important responsibilities as a parent is to select and legally document guardians for your children. However, most people have no idea how to even start this process, much less create a legally binding plan. Here are some basic steps to select and name a legal guardian.

Timothy ScottNovember 2, 2019kids, kids protection plan, guardians, DIY, temporary guardians

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