We make mistakes, as people that fact is one of our defining characteristics. The secret to being successful is: (1) learning from your mistakes to ensure you don’t make the same one twice, and (2) learning from other people’s mistakes so you don’t have to make the same one once. Over the next few weeks, we will be looking at the top 10 mistakes that people make with estate planning in the hopes that we can support each other to learn from the mistakes of others, so they stay ONLY the mistakes of others.
Top Estate Planning Mistake #9: Putting your child’s name on the deed
Land is a strange thing in the eyes of the law. Really, all property in the world can be classified into two groups: (1) Real estate, and (2) everything else in the world. Because land is different, a lot of us feel a special connection with our real estate and we want to make sure that the “family home” stays in the family. Even folks who don’t do any other types of estate planning at all will often try to do something to provide for the way any real estate they own should pass.
Many times, I […]