Critical Estate Planning Mistakes You Need to Avoid

When it comes to leaving behind a financial legacy, not everyone makes it a priority. Those that do, however, need to put an estate plan in place that ensures their assets transfer to the people they choose. Eliminating these common mistakes is an important step in making that happen.   Show notes: https://thefinancialanswer.com/podcasts/critical-estate-planning-mistakes-you-need-to-avoid/    On This Episode:  0:44 – Recapping the Thanksgiving holiday. 1:28 – In the News: The market dipping some over a French digital tax. Here’s Nathan’s reaction. 3:57 – Confidence Corner – let’s talk about estate planning mistakes. 5:36 – We don’t plan for the foreseen expenses – like healthcare. 7:25 – Here’s how these expenses can really impact your estate. 8:28 – Update your beneficiary designations upon the ‘Five Ds’ 11:07 – Many people transfer real estate while they’re still alive but that can cause some issues. 14:49 – We often overlook the tax implications that we’ll leave behind.