The sixth mistake is failing to cooridanate with your professional advisors and also failing to get the best fee agreements. Whether it is preparing inheritance tax returns and or federal and state income tax returns you will need a professional. If you are using an accountant and an attorney you need to make sure they are coordinating their efforts. Let everyone know who all is on you Estate team. If everyone knows who is doing what your bases are covered. Also when shopping around for the best fee deals make sure you are asking the right questions. Find out what you need and what they will do and how much that costs. If you just ask how much they charge hourly you may not know what all that entails.
For more information on this topic click here.
David M. Frees III Esq.
For up to the minute news about estate, asset, and wealth protection planning
and for weekly tips to make your planning work follow David Frees on Twitter
David on Twitter.