Updated
Updated · HuffPost · Jul 5
Estate Lawyers Flag 7 Will Mistakes as 2 in 3 U.S. Adults Lack One
Updated
Updated · HuffPost · Jul 5

Estate Lawyers Flag 7 Will Mistakes as 2 in 3 U.S. Adults Lack One

2 articles · Updated · HuffPost · Jul 5

Summary

  • Seven recurring will mistakes topped estate lawyers’ warnings, led by having no will at all and failing to update documents after marriage, divorce, births or deaths.
  • Two in three U.S. adults lacked a will in a 2020 Caring.com survey of 2,500 Americans, with procrastination and believing they had too few assets cited as the main reasons.
  • Lawyers said even a valid will may not avoid probate if assets remain solely titled in one name; one Wisconsin example put a $30 transfer-on-death option against roughly $4,000 in probate costs.
  • Specificity was another theme: naming co-executors can trigger deadlock and legal fees, while vague language around sentimental items often fuels family disputes after death.
  • The broader advice was to leave clear instructions on where originals are kept and use an estate-law specialist, since poor planning can add time, money and conflict for survivors.

Insights

Why won't your last will and testament keep your estate out of court?
Could your well-intentioned inheritance actually harm your children's financial future?
Is your will a ticking time bomb for your family's finances and relationships?