Often after people have gone through the process of creating an estate plan, including a will, they feel like they can check that off their to-do list, never to revisit it again. However, that can be a hug mistake. While you can feel a sense of relief and peace for getting it done, it doesn't mean that your estate plan is good forever. Estate plans must be revisited and updated, because as your life changes, so should your estate plan.
When you make the decision to plan your estate, it can be overwhelming trying to figure out where to begin. Depending on where you are in your life, you will have different needs and things to be addressed. You may only plan for where you are now, not taking into consideration for changes in the future. Let's look at some common mistakes that are made when estate planning.