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Follow on Google News | A Wills Attorney in Orange County Explains the Biggest Mistake People Make When Estate PlanningAs a wills Attorney in Orange County, Dwight Tompkins, knows all about estate planning. He often meets clients who are not aware that they have made the #1 estate-planning mistake. His recent blog post explains this mistake.
By: Tompkins Law If someone remarries and/or has children, this calls for an estate plan revision. Tompkins states, “Divorce, annulment, separation, widowhood; remarriage and birth of new children are significant changes in one’s personal circumstances which should prompt an estate owner to update their documents.” In the event of the death of one’s primary beneficiary, an estate plan revision is necessary. Dwight tells his readers, “In preparing their Will or Trust, the estate owner should indicate a Secondary and even Tertiary beneficiaries. The Secondary Beneficiary will be the one to inherit the asset should the Primary Beneficiary pass away ahead of the estate owner. Likewise the Tertiary Beneficiary will be the heir if the Secondary Beneficiary passes away.” Another lifetime change that calls for an estate plan revision is a new job or the transferring of a retirement plan. In this case, Tompkins, a wills attorney in Orange County, CA (http://www.tompkins- These are only a few of the many changes outlined in Dwight Tompkin’s recent blog post. Read the full version here: http://blog.tompkins- About Tompkins Law Tompkins Law has been assisting residents in the Orange County, California and the surrounding areas with estate planning, probate, living trust, and business planning services for over 20 years. Visithttp://www.tompkins- End
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