#3 of 25 Common Estate Planning Mistakes – Limiting to only a Living Trust

Limiting Your Estate Planning Documents to a Living Trust
A living trust is just a part of a complete estate plan. In
addition to your trust, your legal documents should
include, at least, a pour-over will, a power of attorney
for finances, a power of attorney for health care and an
advanced directive. Estate planning also includes financial
planning and account beneficiary review. For example, the
beneficiary designations on your financial and retirement
accounts are part of your estate plan. These beneficiary
designations need to be carefully coordinated with the
provisions of your legal documents