Harrell, Stoebner & Russell, P.C.
cta contact
Offices Located In Temple And Killeen
Call To Schedule A Consultation: 254-935-3036

Anyone can make these estate planning mistakes

Estate planning is not something most people look forward to. In fact, it may be something you continue to put off. Although it'll bring you face-to-face with some important questions, it's critical to dive in at the appropriate time.

Here are five estate planning mistakes that have plagued many people before you:

  • Waiting too long. You assume you have an unlimited amount of time to create an estate plan, so you continue to put it off. Waiting too long, however, can backfire if something goes wrong.
  • Forgetting to update your estate plan. The estate plan you create today may not be sufficient in the future. Get into the habit of reviewing your plan at least once every year. If you find something you need to change, take immediate action.
  • Overlooking the importance of incapacity planning. It's a must to know who will handle your affairs if you become incapacitated. For example, having a healthcare power of attorney is important.
  • Choosing the wrong executor. This is the person who will administer your estate upon your death. Choosing the right person for the job will put your mind at ease.
  • Forgetting to name a guardian for your children. If you have children younger than 18, naming a guardian is vital. This person will step in to raise your children should you and your spouse pass on.

With the right level of planning, you can prevent all of these estate planning mistakes. Subsequently, you'll feel good about the plan you have in place and what the future will bring for you and your loved ones.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Contact Harrell, Stoebner & Russell, P.C. To Discuss Your Legal Issue

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Harrell, Stoebner & Russell, P.C. Attorneys at Law

Temple Office
2106 Bird Creek Drive
Temple, TX 76502

Phone: 254-935-3036
Fax: 254-771-2082
Temple Law Office Map

Killeen Office
2210 E. Central Texas Expy.
Suite 102
Killeen, Texas 76543

Phone: 254-432-7058
Killeen Law Office Map

Representation For Clients Throughout Central Texas