Quick Answer: The biggest will mistake is assuming the document controls everything. Coordination with trusts and beneficiary designations is essential.
Top 10 Will Mistakes (and How to Fix Them)
Common Pitfalls
- Not updating after marriage, divorce, or births.
- Naming an executor without considering their availability or skill.
- Failing to address digital assets and online accounts.
- Ignoring beneficiary designations on retirement and life insurance.
- Overly general gifts that create disputes.
- No contingent plan if a beneficiary predeceases you.
- Not considering tax consequences or creditor exposure.
- DIY wills that miss legal formalities.
- Inconsistent asset titling.
- No guidance for personal property or sentimental items.
How to Fix Them
Work with counsel to audit titles and designations, create a coordinated plan (often with a revocable trust), and update your will after major life changes. Keep an asset list and instructions for your executor.
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