Estate planning probably seems easy enough. What could be hard about writing down one's assets and who should have them? In reality, creating an estate plan is about much more than passing on property and inheritances. Here is a common mistake people in Florida often make when estate planning.
Other than not making an estate plan at all, the next biggest mistake is never looking at it ever again. Life changes, which means that the contents of a person's estate plan might no longer be relevant several years later. The named beneficiary on an insurance policy might no longer be alive, or a person might have acquired new assets that need to be included. To avoid making this mistake, people should try and review their estate plans around once a year.