The Top 10 Estate Planning Mistakes Made Time After Time
It’s a terrible tragedy to see people work hard, scrape and save their whole lives, then just throw away their money – – and their family’s future – – when they die.
Unfortunately, as an estate planning attorney, I have seen this occur all too often.
How can this happen to someone who diligently watches his or her financial affairs and successfully builds a good size estate?
It’s often just plain lack of knowledge. Think about it…most of our knowledge is acquired through experience. But, few of us have yet to experience the consequences of death (unless someone close to you has passed away and you’ve been involved in handling his or her estate).
Because of certain common misconceptions about estate planning, many people unwittingly commit some terrible mistakes that later cause tremendous grief for them and their family.
Let me share some of these mistakes with you – – the ones I consider “The Top 10” – – in the hope that you will not repeat them!
Joseph C. Jones is the founder of Menominee, MI based Jones Law PLC. Joe received his Juris Doctor (J.D.) degree from the University of St. Thomas School of Law – Minneapolis, MN. Prior to his attending law school, Joe obtained a Bachelor of Business Administration (B.B.A.) degree from St. Norbert College, De Pere, WI. Growing up in a family of small business owners, he had developed a keen interest in entrepreneurship – starting his first business at the age of fifteen. Since then, he has been involved in a number of business ventures – having negotiated investment agreements of up to $24 million.
His passion for family and business has converged into three basic principles utilized in advising clients – plan, protect, and grow. These three principles are what has shaped the way which the practice delivers legal solutions. Jones Law utilizes flat fee and hybrid billing for a number of its services. With a value added approach, clients are able to make more informed legal decisions. Joe focuses his practice in the areas of estate planning, asset protection, business law, and real estate law.
— PLAN, PROTECT, & GROW —
You will hear this from us quite often. These are not meaningless buzz words, but guiding principles. With proper planning, you can better protect yourself, family, business, and ultimate legacy. Too often, planning is sought after when it is far too late. This not only brings about unnecessary cost, but also potential litigation. Whether you are seeking advice in estate planning, asset protection, business law, or real estate law — we are here to help.
Contact us to learn more about how we can help you plan, protect, and grow.
1104 20th Avenue, Menominee, Michigan 49858
Tel: (906) 914-4181
Fax: (906) 914-9093
Attorney Joseph C. Jones
Jones Law PLC