3 Estate Planning Mistakes Women Make [Video]

Ladies, is your estate plan as fierce and fabulous as you are?
Hi, everybody. I’m Elsa W. Smith,
your Maryland estate planning and probate attorney.
Let’s have a real talk about three estate planning mistakes I’ve seen women make.
Let’s get to it.
The first is neglecting advanced directives.
Just picture it.
Suddenly, a health crisis strikes
and you’re unable to voice your health care preferences.
Without an advance directive, your loved ones might feel lost
and forced to make tough decisions for you.
But taking the time to set up advanced directives
and having those important difficult conversations with your family,
you can ensure that your health care wishes are respected,
lightning their load during those challenging moments.
The second mistake is failing to establish a power of attorney.
Imagine finding yourself unexpectedly incapacitated with
no one legally empowered to handle your affairs.
It’s a scary thought. Right?
By delaying the establishment of a power of attorney,
you’re leaving yourself vulnerable to financial and medical uncertainties.
Take charge now by appointing a trusted agent to act on your behalf.
Safe guarding your interests and ensuring that your wishes are honored,
especially when you can’t speak for yourself.
And finally, let’s talk about child guardianships.
As moms, ensuring your kids are taking care of according to your wishes is essential.
Without designating a legal guardian in your will,
the court could decide their future without considering what you’d want.
Keep your children’s well-being front and center
by regularly reviewing and updating your guardianship plan,
especially after major life changes like divorce or welcoming new additions to the family.
These three mistakes underscore the importance of proactive estate planning.
Remember, it’s not just about protecting your assets.
It’s about safeguarding your well-being and securing your legacy.
Do you know someone who’s guilty of at least one of these mistakes?
You know, we help women in Maryland avoid these estate planning mistakes
and we can do the same for you.
I invite you to schedule a complimentary fifteen-minute call with a member of our team.
The link will be in the comments.
I’m Elsa W. Smith,
your Maryland estate planning and probate attorney.
Thanks for watching, and I’ll see you in my next video.
Take care.

If you have any questions related to estate planning, don’t hesitate to message us directly or leave a comment below. 🔽

You can also reach us at 410-995-7719
@elsawsmithlaw
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