Estate Planning Missteps Create a Burden for Beneficiaries Mistakes such as failing to create an inventory of assets, having too many accounts or not including a see-through provision in a trust can complicate matters for beneficiaries who are left behind after a client dies. Proactive planning can help simplify the situation for a client’s loved ones. To read the full article in Kiplinger, click: Some of the Biggest Estate-Planning Mistakes People Make.
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This is increasingly a point of concern, writes Molly Williams at the Wall Street Journal’s Small Business Blog. Business owners can eliminate the possibility legal chaos on this front by ensuring Web accounts are in their business’ name, rather than their own. And it’s probably not a good idea to include account numbers and passwords in wills and trusts because those can become public documents. A few states have passed specific estate laws addressing the issue: As small businesses move more operations online, there’s an unpleasant question they need to ask: What happens if the one person who has…