Common Mistakes in Estate Planning

Presented by Amy C. O’Hara, Esq., Littman Krooks LLP Estate planning is not just for the wealthy. In fact, most people can benefit by having an estate plan. Proper estate planning can maximize the actual value of the assets that you will pass on to heirs and beneficiaries. It also provides the opportunity to make informed decisions concerning how assets and health care decisions should be handled during one’s lifetime. However, many people make critical mistakes in the estate planning process. These include: • not preparing for “what if” scenarios • failure to properly title assets and update beneficiary designations • failure to plan for incapacity • not reviewing estate planning documents on a regular basis • not putting enough thought into naming fiduciaries • failure to consider tax planning Learn more and make an appointment today with a New York estate planning attorney at Littman Krooks LLP: https://www.littmankrooks.com/elder-l... Littman Krooks LLP 655 3rd Ave New York, NY 10017 (212) 490-2020 https://www.littmankrooks.com 399 Knollwood Rd #115 White Plains, NY 10603 (914) 684-2100 This information has been developed by Littman Krooks LLP. The information is not intended to, and does not, constitute legal advice. If you are in need of legal advice, you should consult with an attorney regarding the specific facts and circumstances of your matter. Viewing the content of this video does not create an attorney-client relationship, nor does it indicate an intent or agreement to represent any particular party. If you are seeking legal representation, please contact Littman Krooks LLP, directly. Representations are made on a case-by-case basis are not entered into until a written agreement has been signed by both parties. This video may not be reproduced without the express permission of Littman Krooks LLP (www.littmankrooks.com)