The American Institute of Certified Public Accountants (AICPA) published an article entitled Four Estate Planning Mistakes (and How to Avoid Them). The four mistakes featured are:
- Outdated or Unsigned Estate Planning Documents
- Lack of Coordination between the Estate Planning Documents, Titling of Assets and Apportionment of Estate Taxes.
- Lack of Understanding That a Transfer of $1 Is a Gift
- Life Is a Movie, Not a Snapshot
Follow this link to Gregory Herman-Giddens‘ article/ post: Four Common Estate Planning Mistakes. Gregory Herman-Giddens, JD, LLM, TEP, CFP, Attorney at Law (NC, FL, TN), Board Certified Specialist in Estate Planning and Probate Law (NC). North Carolina Registered Guardian, Solicitor, England and Wales. For more information, follow his blog, North Carolina Estate Planning Blog.