You might not realize it, but planning your estate is an important step to take to keep your affairs in order. When you die, your assets will be passed down to a beneficiary. Who that beneficiary is, however, is completely dependent on the language in your will and/or trust, or if there is none, state law.
When attempting to plan their estates, people can experience a number of common problems. Do-it-yourselfers sometimes make mistakes of drafting or omission which can have a minimal or a significant impact on their heirs.
Here are 5 common estate planning mistakes.