You know that quote that starts with, “The best-laid plans of mice and men…”? This quote can be used to describe a lot of Illinois residents’ estate plans. Many estate plans are well-intentioned but, at the end of the day, they lay in waste and ruin and never serve to carry out the original goals of the person who created the plan.
This is often because estate planners who don’t hire lawyers, or who leave their estate plans unattended and unreviewed for long periods of time, are not informed enough to avoid common mistakes. Here are few of these mistakes that have in many cases rendered an estate plan completely unworkable: