An estate plan is a delicate and complex machine that, when working properly, can offer your client a great deal of financial and emotional security as he nears the end of his life. However, like any finely tuned instrument, an estate plan is also extremely easy to disrupt. When you have so many pieces working in concert, even small missteps can cascade into outsized damage. Here are nine of the most common (but by no means only) pitfalls that can potentially ruin an advisor’s hard work.
Source: Photo Gallery: 9 Common Estate Planning Pitfalls | WealthManagement.com
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David R. Duringer, JD, LL.M, is a concealed firearm instructor and tax lawyer specializing in business and estate planning; licensed to practice law in the states of California and Washington. He is managing shareholder at Protective Law Corporation, serving Southern California from its Laguna Hills (Orange County) headquarters and satellite offices in San Diego County (Coronado and Carlsbad).
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