Estate planning is one of the smartest steps you can take to protect your wishes, care for your loved ones, and secure peace of mind. Yet too often, people delay the process—or oversimplify it in ways that can backfire. At Falco & Associates, P.C., we’ve been guiding families through thoughtful, comprehensive planning for over 35 years. Here are the most common missteps we see—and how you can avoid them.
Top 3 Mistakes
1. Waiting Too Long to Implement a Plan
Too many people delay estate planning until a health crisis or major life event forces them to act. Unfortunately, waiting too long can limit your options or even leave critical decisions in the hands of the court.
2. Not Reviewing or Updating Your Plan
Your estate plan should evolve with your life. A marriage, divorce, birth, health crisis, death, or the sale/purchase of a property should all prompt a review. Failing to update documents can result in unintended consequences—like assets going to the wrong person, decisions made by someone no longer a confidant or agent, or outdated medical preferences.
3. Oversimplifying the Process
Working with inexperienced or non-elder law-specific attorneys—or relying on DIY wills and online templates—might seem convenient, but estate planning isn’t one-size-fits-all. These tools and generalists often miss important legal nuances, especially if you own property, have children, or need long-term care planning.
Top 3 Challenges
1. No Family Support
Not everyone has family nearby, or family at all and in some situations, family that they trust. This can make it a great challenge in selecting a health care proxy, power of attorney, a trustee, or a personal representative. This can also create significant anxiety.
2. Too Much Family “Support”
On the other hand, complex family dynamics can complicate decision-making. Differing opinions, power struggles, or mistrust can create tension and delay.
3. “Controlling from the Grave”
While it’s natural to want to guide how your assets are used and help the next generation, being too rigid or controlling can handcuff your personal representative or trustee from taking the best next action. It can also create resentment among family members.
Top 3 Solutions
1. Get Organized
A great first step is simply gathering your documents, financial information, and a summary of your short and long term health care. Our Intake Form can help you get a clear picture of where you stand.
2. Build a Support Team
Identify the right people—whether family, friends, or professionals—who can help carry out your wishes when the time comes.
3. Call Falco & Associates, P.C.
We offer free consultations to walk you through your options and help build a plan tailored to your needs.
