Sutton Stracke’s Pink Pearl Sweater

Real Housewives of Beverly Hills Season 11 Episode 8 Fashion

Love Sutton Stracke’s pink pearl sweater? Great you can read all about it here! Sure it’s no Dolce & Gabbana Queens book, but it will still lift your spirits. Especially because there are a few pieces of it left in stock. And when those eventually run out there’s no need to feel sad. You can just look at pictures of Sutton the Style Stealers below and you’re sure to feel better in no time.

Sincerely Stylish,

Jess

Click Here to Shop Her JW Anderson Sweater

Click Here to Shop Additional Stock

Originally posted at: Sutton Stracke’s Pink Pearl Sweater

When you stop and think about it, choosing to do nothing in advance about something negative that is guaranteed to happen seems illogical, doesn’t it? And yet, human nature is that we avoid thinking about negative things, which is why the majority of Americans still die without having estate planning documents in place, for example.

Does that make sense when the result to the surviving family members will almost certainly be delayed settlement, increased cost therefore less to heirs, unclear wishes, feelings of frustration and/or suspicion, additional paperwork, more time commitment, and unnecessary family arguments?

The Good News and the Bad News

The good news is that most of those negative results are preventable. The bad news is that even if you do take the time to put estate planning documents in place, we often make common mistakes in the process. It’s because we don’t know what we don’t know. I invite you to read on, so you do know!

Common Estate Planning Mistakes

#1: Using Online Templates for a Will or Trust

If you drafted a will or trust on your own, using one of those online templates, be aware that those are typically not state-specific so may not be the best option in all cases. A self-drafted document can also be more tempting for family to contest after you are gone since there was no licensed legal advisor involved and the likelihood of something being missed or inaccurate is higher.

I met with a couple once who had used a will kit that they had purchased online. When an attorney reviewed it, they discovered that the will was invalid because they had missed initialing one page in the document, making the whole will null and void. It does not always pay to go the “cheap” route upfront as you may pay more to fix things later.

#2: Failing to Keep Adequate Records

A complete list of assets and family information will help tremendously with estate, tax, and distribution requirements. Along with locating and accessing those assets often comes the need for accessing passwords. Yes, another list that is important.

#3: Naming a Representative at Random

Fully considering who will be your executor/personal representative or successor trustee often deserves more attention than people may realize. It is common for people to name family members out of obligation or to avoid offending anyone.

But there are distinct responsibilities that require organizational skills, comfort with paperwork, and an understanding of the required processes. So, choosing the right person who is both competent and understands your values is critical.

#4: Disregarding the Importance of Account Titles

I know I have preached ad nauseum about the importance of updated account titles and current beneficiary designations. It is a common mistake that people do not realize that a will is secondary to both account titles and beneficiary designations.

#5: Not Planning for Incapacity

Not considering the importance of planning for incapacity is another estate planning oversight. It won’t happen to me! Or so we think. Yet I bet we all know someone who ended up in the hospital unexpectedly.

In those instances, someone had to make medical decisions and sign financial forms while the patient was unable to. Having powers of attorney in writing for both health care and financial responsibilities should be completed in advance of ever needing them.

Important but Often Overlooked

There are a few other areas I wouldn’t call mistakes but are certainly important yet often overlooked. Deciding whether you want an immediate or “springing” power of attorney for health care document, for example. Be sure your estate planning attorney explains the difference and asks you which one makes the most sense in your situation.

Make it a habit to pull out and reread your documents every 3-5 years, when the law changes, or when you have had a change in your financial or family circumstances. It really helps to have an estate plan outline so you can see all the details at a glance. And even if you don’t think you have any changes that need to be made, call the estate planning attorney anyway to ask if there have been any legal changes since your last draft that warrant an update.

And don’t forget about a Personal Property Disposition list. It can be as simple as a handwritten list on a piece of paper. This is your chance, if you have specific wishes, to clarify who gets what on any personal items you may own.

If you want your mother’s wedding ring to go to your niece, or a family heirloom to go to a son, or a coin collection to go to a grandchild you can describe the item, spell out the name of the recipient, and then sign your name and date at the bottom. Keep that paper with your will/trust and feel free to rewrite/sign/date and replace it any time you want to make changes.

It’s Up to You!

“I won’t care about any of this, I will be gone,” you may be thinking. Or maybe you do have preferences but find it depressing to think about let alone take action on end-of-life matters.

Like they say, death and taxes are the two certainties in life. We are certain our life will end at some point. Awareness, of how to make that time less painless for those left behind, is the first step toward action. Now it’s up to you to take action, the next step that counts the most!

What experiences have you had related to estate planning mistakes? What advice can you give that helped you take action on this topic? Let’s have a discussion!

Crystal Kung Minkoff’s Leather Pants

Real Housewives of Beverly Hills Season 11 Episode 7 Fashion

Sutton Stracke might not be jealous of Crystal Kung Minkoff’s ugly leather pants, but we sure are! Thankfully we don’t have to feel too envious because there are some left in stock. But don’t sleep on it because they won’t last because they are not ugly and will be gone before we know it. And if you miss your chance, that’s okay. We have plenty of similar styles below for you to steal. Don’t worry we won’t alert the Sutton Stracke Fashion Police.

Sincerely Stylish,

Jess

Click Here to Shop Her A.L.C. Cobey Pant

Click Here to See Her Generation Love Top

Originally posted at: Crystal Kung Minkoff’s Leather Pants