Many couples procrastinate when thinking of beginning the estate planning process, but even for those who plan ahead, many believe once they sign their documents, they’re all set. But that’s not all it takes to create a successful estate plan; there are several additional steps necessary to achieve the wishes stated in the plan. According to an article in Trust Advisor, “These Hidden Estate Planning Mistakes Can Have Horrible Consequences,” it’s not unusual for people to neglect the next steps, which leads to a world of trouble.
For example, a couple might be in their second marriage with no children in common. However, the wife has two children from her first marriage. She and her current husband had been together for 10 years, when she’s diagnosed with cancer.