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Your Bank > Education and Advice > CNB University

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

Laura King
Laura King is Assistant Vice President - Trust Administration Officer and can be reached at LKing@CNBank.com or (585)394-4260 x36112.
Lynn Carleton
Lynn M. Carleton, CTFA, CSNP is Vice President - Trust Administration Officer and can be reached at LCarleton@CNBank.com or (585) 419-0670 x50683.

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 or Lynn Carleton.

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