Attorney John Levy shares estate planning mistakes that could leave your family in a bind

Planning for the future is often pushed aside, yet attorney John Levy warns that failing to organize your estate can leave your family in a difficult position. Many people assume their wishes will be honored automatically, but without a valid, properly executed will or trust, the state determines who gets your assets through intestacy laws.

Levy emphasizes that common mistakes often stem from outdated documents or errors in how they were created. He points out that do-it-yourself wills often fail to meet legal requirements like proper notarization or witnessing. If a document cannot be located or is found invalid, the court steps in, which rarely aligns with an individual's personal intent.

Updating your plan is just as important as creating one. Life events such as marriage, divorce, or the passing of beneficiaries should trigger a review of your documents. Levy suggests checking your list of successor trustees and executors to ensure the people named are still the right fit for the role. He also advises considering percentage-based asset distribution rather than specific items to prevent issues if those assets are sold or lost.

For those ready to get their affairs in order, Levy offers a free one-hour phone consultation to discuss options such as a revocable trust. He provides a way to prepare necessary documents remotely to keep the process efficient and accessible for families. Taking these steps now ensures your legacy is protected and your loved ones are spared unnecessary legal hurdles during a grieving period.