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10 Common Mistakes with Estate Planning—the good news is that all of these mistakes are easily avoidable!

  • February 10, 2013
  • Blog
  1. Even though a business may be an individual’s most valuable asset, he or she fails to implement the proper succession plan;
  2. Failing to consult with a professional and utilizing an online, “do-it-yourself” website;
  3. Not properly funding or transferring assets to the trust and exposing your estate to probate;
  4. Thinking a “Will” is sufficient estate planning;
  5. Not updating your estate plan after a major event (i.e. death, grandkids, divorce);
  6. Purchasing additional real estate or other investments in the future and failing to transfer such holdings to a trust;
  7. Owning a corporation or Limited Liability Company and failing to transfer stock or membership units to your trust;
  8. Failing to integrate your financial planner, CPA and attorney when developing your estate plan (each individual plays a unique and important role);
  9. Lack of life insurance can cause liquidity problems for the surviving spouse; and
  10. Not fully understanding what you are creating and effectuating when you complete your estate plan.

Please do not hesitate to contact your trusted advisors at POTENTE. Our team is here to help.

  • January 14, 2021
  • Blog

The Trademark Modernization Act of 2020

The Trademark Modernization Act of 2020 became law on December 27, 2020. This new law ushered in uniform procedures in many facets of trademark litigation, but none more so than ex parte cancellation proceedings. In an effort to reduce bad faith filings and clutter, any petitioner may now file a...

  • January 04, 2021
  • Blog

New Year, New Act

On December 21, 2020, the final version of the Consolidated Appropriations Act, 2021 (the “Act”), was passed by Congress and signed into law by President Trump on December 27, 2020. The Act includes a $900 billion economic stimulus package as a result of the continued need for coronavirus relief. The...