In this three-part series 10 Mistakes People Make When Dying, the following are 4 of the top common mistakes people make when they die.
Do Nothing to Prepare for Death. The biggest mistake you can possibly make, related to estate planning, is to do nothing. There is a 100% chance that you’re going to die! Do something to prepare for it!
Don’t Update Your Plan. Failing to keep your estate plan updated for changes that occur during your lifetime can cause serious problems upon death. Have your estate plan updated regularly to determine if it is still accomplishing your objectives.
Rely on Free Advice. Listening to well-intended friends or financial advisors to determine how to plan for your death is dangerous. Seek the advice of experienced, trained legal professionals when making important estate planning decisions. What your best friend learned on an infomercial is unlikely to be solid advice.
Fail to Coordinate Advisors. If you rely on a financial advisor or tax advisor to assist you with your finances, it is critical that you insist that your advisors work as a team for your best interest. Not having them on the same page may result in conflicting advice that can be worse than no advice at all.
Don’t let your failed estate planning be the horror story everyone talks about when they get together for coffee. Take the steps necessary to avoid these common mistakes so that things go smoothly after you die.
Tune in to next month’s Brighton Buzz for more of the Top 10 Mistakes People Make When Dying and if you have questions about these issues, you are encouraged to gain more knowledge about available estate planning options, by visiting www.EstatePlansThatWork.com to sign up for a complimentary educational workshop.
The holiday season is upon us. A time to express appreciation for the people, experiences, and opportunities that enrich our lives. As we take a moment to give thanks and celebrate with our families and our communities – let’s not forget the uniquely valuable small, local businesses that are at the heart of our communities.
In today’s fast-paced world, shopping has never been more convenient with online giants and big-box stores offering rapid delivery and low prices. But, unlike mass retailers, small businesses and local shop owners offer personal relationships, leading to better service and customized recommendations. Whether it’s a handmade candle or boutique clothing, these businesses offer a personal touch that can’t be replicated.
The holiday season is a crucial time for small businesses. Events like “Small Business Saturday” remind us to support the shops that keep our communities vibrant. But it’s important to continue that support throughout the year to ensure these businesses thrive.
This holiday season, when shopping for a gift, a service, or just a little treat for yourself, consider visiting our local businesses first. Every purchase makes a meaningful difference, helping build a stronger, more connected community for everyone.
Happy Thanksgiving,
Dawa