2) No will or estate plan
Without proper planning, your estate may be tied up in probate court for months or years after your death, at a great emotional and financial cost to your family.
3) Lack of attention to digital assets
Without a plan for digital assets and social media, you may lose critical documents, photos, memories, and family records.
4) Lack of attention to your children’s possible future divorces or lawsuits.
It’s not fun to think about, but if your children divorce or are sued at some point in the future, their inheritance may be decimated and end up in the hands of those you never intended. A trust can help protect your legacy and your children’s inheritance.