By Bill Hesch
Estate Planning Mistake Number 6 – Failure to make sure your heirs receive their inheritance over a period of time and not all at once since most lottery winners go bankrupt within a few years after getting their financial windfall.
Are you worried that your spouse or children would not be financially responsible if you died and they inherited your assets and possibly made bad investments?
Spend their inheritance foolishly?
Stop working and use the inheritance to feed their drug or alcohol addiction?
Click on the video from the February 2nd, 2017, Estate Planning Workshop at the bottom of this post to find out how to protect your heirs from possible wasteful spending, bad investments and using their inheritance to feed their drug or alcohol addiction if you died.
To find out more about all of the top 10 estate planning mistakes made by business owners, go to Heschlaw.com. You can watch a video of Bill discussing the top ten estate planning mistakes and get a copy of his Workshop outline and tools to review in the comfort of your home or office.
Estate planning is complicated. Are you getting all of your estate planning questions answered by your CPA, attorney, and financial planner? As an attorney, CPA and financial planner all in one, Bill Hesch is uniquely qualified to give you a second opinion.
Call Bill now at 513-509-7829 for a free consultation by phone or in person. Piece of mine is only a phone call away.
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