Is Your Estate Plan Missing Critical Details? Don’t Let These Estate Planning Errors Derail Your Legacy
Even the smallest details matter when it comes to estate planning. You might have the most thoughtful, well-drafted plan in place, but it could create complications if a few (even the most minuscule) key pieces are off. Fortunately, many of the most common mistakes are easily avoidable with a little knowledge and regular check-ins. Here are four missteps we see all too often and how to avoid them. Mix-ups with account titling and beneficiary designations. One of the most common mistakes we see? Improperly titled accounts or incorrect beneficiary designations. It’s surprisingly easy to overlook, but this small error can cause major problems for your estate plan. For example, if you have a trust, your accounts need to be titled in the name of the trust, or the trust needs to be named as the beneficiary, depending on the asset type. Skipping this step means those assets might not follow your trust’s instructions. An outdated power of attorney. Life changes, and your documents should, too. A power of attorney (POA) that hasn’t been updated in years might not reflect your current wishes, or worse, may not work how you
need it to if you become incapacitated. Ensuring your POA is up to date is a key part of a reliable estate plan.
Not sharing your plan with loved ones. We know it’s not always easy to discuss, but communicating your estate plan with the people it affects most is critical. If you become incapacitated or pass away without ever sharing your plan, even the best legal documents can lead to confusion or unintended conflict. Only reviewing half the story. Many clients think reviewing their estate plan means discussing changes in their family or personal wishes. While that’s important, there’s another side to the review — your actual financial documents. We need to review bank and investment account statements to confirm that everything is titled correctly. This deep dive is just as essential as updating your goals. If it’s been a while since your last review or you’ve never had your account titling and beneficiary designations reviewed, we’re here to help. Schedule a comprehensive review so we can ensure everything is aligned with your wishes and set up for success.
Teriyaki Beef Skewers
Inspired by AllRecipes.com
Ingredients • 1 1/2 cups light brown sugar • 1 cup soy sauce • 1/2 cup pineapple juice (optional) • 1/2 cup water
• • •
1/4 cup vegetable oil
3 large garlic cloves, chopped 4 lbs boneless round steak, cut into 1/4-inch-thick slices
• Bamboo skewers soaked in water
Directions 1. In a large bowl, whisk brown sugar, soy sauce, pineapple juice, water, vegetable oil, and garlic together. Drop beef slices into the mixture and stir to coat. 2. Cover bowl with plastic wrap and marinate in the refrigerator for 24 hours. 3. Remove beef from marinade, shaking to remove excess liquid. 4. Thread beef slices on skewers in a zig-zag pattern. 5. Preheat grill to medium heat and lightly oil the grate. 6. Cook beef skewers for about 3 minutes per side until the meat is cooked through.
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