Estate Planning Blog

Top Five Most Common Estate Planning Mistakes

The road to estate planning hell is indeed often paved with the best of intentions. While assisting clients in the probate process or with a trust administration I often encounter small missteps that result in a large headache for the surviving family. This month I am going to discuss some of the most common estate planning mistakes that I run across in my practice and how to avoid them so that you can have peace of mind.

Assets left outside of a trust

Even if you have a revocable living trust if an asset is not in the trust it must go through probate if it is worth more than $150,000. Often this happens when people create a trust online or through a low cost company and are not sufficiently reminded that assets must be titled in the name of the trust to avoid probate. It is not a bad idea to check in with your estate planning attorney every few years as they will always ask if all of your assets are in the name of the trust.

 

5 San Francisco Bay Area Offices

Walnut Creek
Estate plans and living trusts

1535 North Main Street, Suite 240
Walnut Creek, CA 94596

(925) 210-1400

(925) 210-1400

Mountain View
Estate plans and living trusts

800 West El Camino Real, Suite 180
Mountain View, CA 94040

(650) 933-7122

(650) 933-7122

San Mateo
Estate plans and living trusts

951 Mariners Island Blvd, Suite 300
San Mateo, CA 94404

(415) 373-8335

(415) 373-8335

San Francisco
Estate plans and living trusts

75 Broadway Street, Suite 202
San Francisco, CA 94111

(415) 373-8335

(415) 373-8335

Marin County
Estate plans and living trusts

700 Larkspur Landing Circle, #199
Larkspur, CA 94939

(415) 373-8335

(415) 373-8335

Email Dan

I was impressed

Submitted:
★★★★★
5
I was impressed with not only Daniel's knowledge of living trusts but also with how he listened closely to our needs and helped us understand the (complicated) issues in plain English. These are great traits for an attorney. I would definitely go back to Daniel for estate planning needs and will recommend him to others in the future.
- Bryan P.
Overall rating: ★★★★★ 5 based on 1 reviews
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