Avoid These Estate Planning Mistakes (Part 1)

Do you want your estate planning to be done right?

Estate planning deals with how we want our life’s work to be honored and transitioned to the people or causes we love. Unfortunately there are many mistakes that could potentially undo our legacy.

In this episode of the WealthSmarts podcast, Richard and Matt are joined by Colin Ritchie, an estate planning lawyer and Certified Financial Planner. Colin talks about the most common estate planning mistakes and offers some solutions to these problems.

In the first part of this series, some of the topics we cover include:

  • Picking the wrong executor or trustee
  • Gifting money to young beneficiaries too soon
  • The pitfalls of not giving enough flexibility to your executor or trustee
  • Not enough contingency planning when it comes to writing and updating wills

Resources from this episode: