Kiplinger

8 Reasons Why Your Estate Plan May Now Be Worthless

Most people hate reviewing their estate plans, and I can't say I blame them. From tax law and complex documents, to trusts and health care directives, the intricacies can be daunting. Plus, talking about life after death isn't anyone's favorite activity.

Unfortunately, these common stressors often prevent people from revisiting their plan once it's been drafted, creating the potential for substantial gaps that could dramatically affect how assets are distributed down the line.

To help you identify these gaps, and to help ensure that your wishes are carried out faithfully after you have passed on, here are eight red flags that can indicate a problem with your estate plan.

Plus, take our quick, 10-question.

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger3 min read
I’ve Inherited a Lot of Money. Now What?
It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie
Kiplinger4 min read
Got Crypto? The IRS Really Wants to Know
The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven’t run for the hills, it’s worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but th
Kiplinger2 min read
Tax-Savvy Charitable Giving With QCDs Can Benefit Both Giver and Receiver
Plenty of retirees like to give back to their communities through charitable donations, but questions often arise over the best way to do that. What approach is efficient, provides the tax benefits you’re after, and also is advantageous for the chari

Related Books & Audiobooks