Dothan, Alabama

Avoid These 3 Common Estate Planning Mistakes November 14, 2018

Dothan, Houston
Avoid These 3 Common Estate Planning Mistakes, Dothan, Alabama

Most people assume estate planning is only for those who are relatively old or incredibly wealthy. In reality, though, everyone should consult with an estate law attorney, regardless of their financial situation or family dynamic. A lawyer will help you help plan for all eventualities—and prevent you from making some of these common mistakes. 

Don’t Make These Mistakes When Planning Your Estate 

1. Failing to Update Your Will

Having an out-of-date will can cause more issues upon your death than having no will at all. Although it’s wise to take a proactive approach to estate planning by drafting a will sooner rather than later, it’s essential to review this document periodically and modify it as needed.

2. Failing to Think of Yourself 

estate lawEstate law provides the opportunity to protect your loved ones in the event of an untimely passing; however, your family members are not the only ones to consider when creating critical documents. For example, every estate plan should have a living will, which states preferences regarding end-of-life care. You can also use a power of attorney to grant someone else the authority to make medical decisions on your behalf. 

3. Failing to Choose an Impartial Executor

When it comes time to choose an executor, it’s natural to opt for a close family member, such as your spouse or an adult child. However, in many estate law scenarios, it’s often better to choose a relatively impartial third party. Someone who is not personally invested in the situation may be better equipped to carry out your last wishes objectively. 

 

If you want to avoid making mistakes when creating your estate plan, turn to The Law Office of Peter A. McInish in Dothan, Headland, Cottonwood, and Midland City, AL. This full-service law firm provides a broad range of legal services, including civil litigation, personal injury, family law, divorce, real estate, business law, and estate law. Pete McInish graduated from The University of Alabama in 1980 and received his J.D. in 1983 from the Cumberland School of Law at Samford University. He became a member of the Alabama State Bar in 1983 and began practicing law with the firm of Lee & McInish. To schedule an initial consultation with this estate law attorney, call (334) 671-2555. 

Other Announcements, Events and Deals from The Law Office of Peter A. McInish, LLC
Understanding Alabama's Statute of Limitations on Personal Injury Claims, Dothan, Alabama
Personal injury law allows accident victims to seek compensation for their medical expenses and other losses, but that right doesn’t last indefinitely. Every state imposes a strict d...read more
Can Children Help Decide Who Gets Custody in Alabama?, Dothan, Alabama
When parents can’t reach a child custody agreement between themselves, a family law judge will have to make a determination for you. In every state, judges are required to base their...read more
A Brief Guide to the Probate Process, Dothan, Alabama
When someone passes away, their estate will likely have to pass through probate before their assets can be distributed. This complex process includes everything from authenticating t...read more
The Top 3 Benefits of Hiring a Personal Injury Lawyer, Dothan, Alabama
After a negligence-related accident, insurance companies routinely approach those affected with settlement offers, sometimes before the full extent of their injuries is even known. H...read more