May 1, 2012
Common Errors in Estate Planning
I came across this article on Forbes.com, and as a McKinney Estate Planning Attorney, I see and discuss these issues on a daily basis. This simple list provides a brief and helpful explanation of the common mistakes made by families everyday.
I think the article’s intro paragraph makes a point that should not be overlooked. I’ll rephrase it as, “you would be surprised how many families work hard to provide for themselves and their children, yet ‘cheap out’ on the estate planning that will carry on there legacy.” It is the old-fashioned "you get what you pay for" mantra that I find myself delicately trying to explain to grieving family members.
One issue I have with the article is the frequent focus on "wealthy" or "high net worth" individuals and preserving money and taxes. While these are accurate statements, "average" families like you and me benefit from almost all of the points discussed. Additionally, as a McKinney Wills and Trusts Attorney, I like to also focus on family relationships and how we want to leave our legacy.
If you'd like more information on estate planning, please contact my office and ask for April Nordhaus, Collin County Estate Planning Lawyer for the law firm Nordhaus Walpole, PLLC. Our law firm is located at 5900 S. Lake Forest Drive, Suite 410, McKinney, TX 75070, or contact me directly at 214.726.1450.
April Nordhaus is a McKinney native with an understanding of-and deep care for-the community and its residents. She is recognized in the region for her compassion while providing expert counsel in estate and trust cases. She also handles probate, guardianship, and small business formations.
April was named a 2011 and 2012 Texas Rising Star as published in Texas Monthly Magazine and 2010 and 2011 "Best Attorney" Reader's Choice Award by the readers of McKinney Courier Gazette. If you live in and around Collin County, you can count on April as being one of the most qualified estate planning lawyers in McKinney and throughout the Dallas area
Categories: Estate Planning