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The 10 Most Costly Estate Planning Mistakes, and How to Avoid Them

L King 2014
Laura King
Vice President, Trust Officer
(585) 419-0670 x36112

We hope you enjoyed listening to "Ask the Experts" on 1180 WHAM, Sunday, July 24th at 8pm.

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 Laura King, Trust Administration Officer, and Lynn Carleton, CSNP, Vice President and Trust Administration Officer.

Highlights From the Show


Audio Clip

1. Not having an up-to-date estate plan.
2. Not coordinating beneficiary designations and titling of assets.
3. Not planning for incapacity.
4. Not planning for minor children.
5a. Selecting the wrong executor.
5b. Selecting the wrong trustee.
6. No estate planning around life insurance.
7. No protection for beneficiaries of your estate.
8. Failing to equalize spousal estate.
9. Not sharing estate plan with your family and leaving a mess of financial records.
10. Not taking advantage of lifetime gifting.
BONUS - Review your current documents!

How CNB Can Help

CNB’s experts average over 20 years of planning experience.
Local representative with solutions for every life stage.

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


For questions, feel free to contact Laura King.

This material is provided for general information purposes only and is not a recommendation or solicitation to buy or sell any particular security, product or service. Past performance is not indicative of future investment results. Any investment involves potential risk, including potential loss of capital. Before making any investment decision, please consult your legal, tax and financial advisors. Non-deposit investment products are not bank deposits and are not insured or guaranteed by Canandaigua National Bank & Trust, or any federal or state government or agency and are subject to investment risks, including possible loss of principal amount invested.

Tax information presented is not to be considered as tax advice and cannot be used for the purpose of avoiding tax penalties. Neither Canandaigua National Bank & Trust nor its affiliated Companies provide tax, legal, or accounting advice. Please consult your personal tax advisor, attorney, or accountant for advice on these matters.