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Your Bank > Education and Advice > CNB University

How to avoid the ten most-costly estate planning mistakes

K Noble
Kate D. Noble, CTFA is Vice President - Trust Administration Officer and can be reached at CNoble@CNBank.com or 585-419-0670 x50691.
D Dohse
Denise Kelly-Dohse is Vice President - Financial Planning Officer and can be reached at DKelly@CNBank.com or 585-419-0670 x50619.

We hope you enjoyed listening to "Ask the Experts" on WHAM 1180, Sunday, July 29, 2012 at 7pm.

Ask the Experts is CNB’s financial forum for education and advice as local experts answer your questions on financial topics that interest you. The experts of the last call included Kate Noble, CTFA, Vice President, Trust Administration Officer and Denise Kelly-Dohse, Assistant Vice President, Financial Planning Officer as they discussed how to avoid the ten most-costly estate planning mistakes.


Highlights From the Show

 

Audio Clip

 

1. Not having an estate plan.

 
 

2. Not coordinating beneficiary designations.

 
 

Example: What happens when you overlook the coordination of your beneficiary designations?

 
 

3. Not planning for incapacity.

 
 

4. Not planning for minor children.

 
 

5. Careless selection of the Executor to your Will.

 
 

6. Avoiding the creation of a Will.

 
 

7. No estate planning around life insurance.

 
 

8. Not taking into consideration your beneficiaries’ life situations.

 
 

9. Not sharing financial records with family and friends.

 
 

10. Not taking advantage of lifetime gifting.

 
 

You can also listen to the broadcast in its entirety here:

 
 

For questions, feel free to Ask a Planner or learn more about our Wealth Strategies Group.

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