Weinstein & Randisi
Toll free:800-768-1780

Resize the Content Text

Estate planning mistakes are far too common

Rochester residents who are considering their options for estate planning might not see themselves as similar to people who are famous or frequently in the news. However, mistakes that prominent people have made with such issues as considering their heirs, will planning and having a valid will can easily be replicated by "normal" people. With this in mind, it is wise to plan. This is imperative for those who are thinking about the future, their family and the assets they have accrued whether small, medium or large. A part of that is considering how famous people have erred and taking steps to avoid the same fate.

Not having a will is a common mistake that people will make. According to research, almost two-thirds of Americans do not have a will. Such luminaries as Abraham Lincoln, Pablo Picasso and the recently deceased Prince did not have a will when they died. With that, the assets might end up distributed in a way that the person did not intend. There could be disputes among family members after the fact and these can be expensive, time consuming and contentious battles. Another problem that people have is a will that is not current. When the will is signed, it must be updated frequently as circumstances change.

Some people will not account for taxes as they are considering estate planning. While there are brackets for certain amounts of inheritances, there can still be complications with taxes. Items that are of sentimental or financial value might end up being sold because of mistakes with wills and their planning. Personal property is commonly overlooked when estate planning. Examples in recent memory include comedian Robin Williams and his memorabilia. These items might have significant value and forgetting them can cause headaches to the heirs later on.

It is not easy to think about one's own death, but if there are loved ones to consider and items of great value that have to be distributed, it is a disservice to them not to make sure that the estate administration is organized for that day.

Source: USA Today, "Don't make these celebrities' estate-planning blunders," Kelli B. Grant, Nov. 5, 2016

No Comments

Leave a comment
Comment Information
  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Blog Feed


Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map


Call us now for a free, 100% confidential consultation: