Some Common Tax Mistakes to Avoid When Creating an Estate Plan

Estate Plan Awareness Week: The Importance of an Estate Plan

Creating an estate plan is one of the essential things to safeguard your assets and relationships. While it’s important to have a legally valid estate plan and will, there is no denying the fact that it’s a tedious process. Any mistake in your estate plan can render your will invalid. When making an estate will, one should not take any chance and keep room for errors. You might be tempted to creating an estate plan on your own. However, doing so will only add to your problems. Thus, it’s recommended to hire a qualified estate planning law firm Virginia Beach.

In this blog, we have listed down some pitfalls to avoid when drafting an estate plan and will.

1. Not creating an estate plan at all

Although people are aware of the problems they can face if they don’t have a valid will and estate plan, most U.S population …

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