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Mistake #6: Not Utilizing Trusts When Appropriate

Writing a will is the bare minimum for estate planning. Beyond the will, talk with your estate planning attorney about the judicious use of trusts, which are often more detailed than wills. This will lead to less fighting among your heirs and will give the executor of your assets the ability to take care of you if you become mentally/physically incapacitated.

Is a living trust right for you? Find out here.

Next: Mistake #7