It can be very difficult to plan for events like aging, incapacitation, and death, but not planning for these events can cause families burden and grief and might also cost family members a significant amount of time and money.
It is estimated that over 50% of Americans haven’t created a will. The Future File business also estimates that less than 10% of the U.S. population has a complete legacy and wishes planning system.
Planning for difficult and unexpected events is vital but can often be difficult to navigate. Here are the top estate planning mistakes to avoid, according to experts in the industry: