113: 10 Estate Planning Mistakes to Avoid with Tim Denker

Dean Barber could talk for hours about estate planning mistakes to avoid. On Episode 113 of The Guided Retirement Show, Dean decided to cover some of the most common estate planning mistakes that he and Tim Denker of Denker Law Firm, LLC have witnessed. Tim founded Denker Law Firm, LLC in 2006 and has practiced estate planning and business law since 2003.1 Dean and Tim want you to be informed when it comes to estate planning and are going to 10 mistakes to avoid.

10 Estate Planning Mistakes to Avoid

1. Not preparing an estate plan
2. Not understanding the dangers of will-based trusts
3. Improper asset titling
4. Using free resources without understanding the details
5. Not getting the right people involved—attorneys, CPAs, advisors
6. Doing a disservice to your family, not yourself
7. Knowing the difference between an IRA and 401(k) in estate terms
8. Taking a Set-It-and-Forget It Approach with Your Estate Plan
9. Business owners without a succession plan
10. Not considering beneficiary-controlled trusts

START PLANNING

To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/113

Learn More about Retirement Planning

Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com