Estate planning needs change as people grow older. There are several factors that many elderly people may overlook in their older age. Here is a list of widespread mistakes that are often made in estate-planning among older individuals.
- Not consistently updating their living will and medical situations
- Not designating a power of attorney
- Not informing their loved ones of their estate planning details
- Not issuing tax-exempt gifts to heirs
- Not looking into funeral arrangements before passing
These issues are commonly overlooked by many people when dealing with estate planning. It is important to have these affairs in order. Individuals who need help with their estate planning tactics should contact a professional in order to make sure all of the details are covered.
If you have questions regarding estate planning, please contact the Houston estate planning lawyers of Garg & Associates, P.C. by calling 800-242-2151 today.