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How to screw up your estate plan

January 08, 2009

Roger McEowen of Iowa State has a rundown of the most common mistakes he sees in estate planning:

So, what are some of the most common mistakes that are made in estate planning? There are many that could be listed, but here are my thoughts of what tops the list (in no particular order).

1. Too much property owned in joint tenancy (large estates) or too little
property owned in joint tenancy property (small estates).
2. Making the plan too complex.
3. Failure to review (and update if necessary) the plan.

And 14 more.

Tags: Roger McEowen.

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