Metz, Bailey & McLoughlin

call for a consultation

call image 614-423-4619

Keep these 5 estate planning mistakes out of your life

Even if you devote the necessary time and attention to estate planning, there is no guarantee that you'll take all the right steps the first time around. With so many mistakes lurking, you need to carefully consider every decision you make.

Here are five of the most common estate planning mistakes:

  • Skipping it altogether: You have the legal right to do this, but it's not in your best interest. A comprehensive estate plan will ensure that your assets end up with the right person. It also allows you to plan for the future, such as through the creation of a living will and appointing a power of attorney.
  • Forgetting to update your estate plan: You'll feel better after you create an estate plan, but don't forget to review and update it as necessary. For example, you'll need to do this if you marry, divorce or bring a new child into your family.
  • Neglecting to plan for disability: You could become disabled at any time as the result of an injury or illness. There are estate planning steps you can take to protect yourself, such as naming a power of attorney to make decisions on your behalf.
  • Not naming a guardian: Your children are likely to be a big part of your estate plan. If you have any children under the age of 18, make sure you name a guardian to care for them in the event of your death.
  • Overlooking ways to reduce your estate tax: There are many strategies for reducing estate tax, such as gifting money to your spouse every year.

The best way to prevent estate planning mistakes is to obtain legal guidance, understand your legal rights and review your plan regularly.

No Comments

Leave a comment
Comment Information
contact us

Get started now

The best time to plan for the future is now, before you find yourself in unexpected circumstances. Call us today at 614-423-4619 or toll-free at 888-428-0610. You may also email our firm. We work with clients in Columbus and throughout Ohio.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Metz, Bailey & McLoughlin
33 E. Schrock Road
Suite 1
Westerville, OH 43081

Toll Free: 888-428-0610
Phone: 614-423-4619
Fax: 614-882-5150
Westerville Law Office Map