When it comes to estate planning, you may believe your main task is to find a competent attorney who can draft the necessary documents based on your wishes. While this is indeed an essential step, it is vital to understand that estate planning extends beyond the initial paperwork.
The successful execution and administration of your plan play a pivotal role in ensuring your intentions are realized and your legacy is protected. Failing to navigate these crucial aspects can leave your estate vulnerable to potential challenges by the IRS, jeopardizing your wealth. Below, we shed light on eight pitfalls to avoid, empowering you to proactively safeguard your estate and secure a lasting legacy for your loved ones.