Morris Hall, PLLC

Estate Planning Attorneys

MakePayment with multiple options
CALL NOW: 1 (888) 222-1328
  • Home
  • Our Firm
    • About Morris Hall
    • Attorneys
    • Our Team
    • Morris Hall Core Values
    • Communities We Serve
      • Carefree
      • Flagstaff
      • Mesa
      • Oro Valley
      • Phoenix
      • Prescott
      • Scottsdale
      • Sedona
      • Tucson
    • Career Opportunities
  • Estate Planning Services
    • Advanced Estate Planning
    • Asset Protection
    • Power of Attorney
    • Trust Administration and Probate
    • Wills and Trusts
  • Resources
    • Blog
    • Do I Need an Estate Plan?
    • Elder Law Reports
    • Elder Law Resources
      • Phoenix Elder Law
      • Tucson Elder Law
    • Estate Planning Problems
    • FAQs
    • Probate Resources
      • Probate
      • Flagstaff Probate
      • Phoenix Probate
      • Sedona Probate
      • Tucson Probate
    • Published Books
      • Don’t Go Broke in a Nursing home
      • Tax Free Money for Long-Term Care!
    • Recent Law Changes and Improvements Affecting Arizona
      • Update My Living Trust
    • Reports
    • Videos
    • What to Do When Death Occurs
      • What Not To Do When Someone Dies
      • Who To Contact After A Loved Ones Death
  • Reviews
    • Testimonials
    • Review Us
  • Locations
  • Events
    • Seminars / Webinars
    • Past Webinar Recordings
  • Contact
    • Consultation Policy
    • Contact Us
    • Discounts

What NOT to do When Considering an Estate Plan

December 11, 2014 by Morris Hall, PLLC Leave a Comment

If you search the internet, you will discover that there are many estate planning resources meant to educate you on how to prepare for an estate plan. MH has produced significant information on the subject.  There are, however, far fewer resources providing instruction on what NOT to do before creating an estate plan.

The following is a list of things to avoid when considering creation or amendment of an estate plan:

  1. Don’t overthink

Overthinking any situation, let alone estate planning, can create what is termed “analysis paralysis.” Analysis paralysis is the effect of analyzing a situation so greatly that it causes indecision or inaction.  In estate planning, many people spend so much time thinking about all of the “what-ifs” that they never move to action. Preparation is important for any decision, but becomes detrimental when it prevents taking action.

  1. Don’t rush

On the opposite side of the spectrum, some people rush their estate plan to “get-it-done” and fail to properly prepare. This approach has obvious risks, such as leaving out certain asset protection mechanisms. Estate planning is a process, not an event that is meant to be rushed.

  1. Don’t assume that estate planning is a “one-and-done” deal

I’ve met with clients who are baffled when they are counseled to amend their estate plan.  The response is usually, “I thought once our plan was created, we didn’t need to do anything else.”  Estate planning is not a one-and-done deal. Like a vehicle, an estate plan requires periodic maintenance to ensure optimal performance.

  1. Don’t compare your situation to others

At some point, almost everyone is bitten by the comparison bug.  It is natural for us to compare ourselves to others, or envy another’s situation. This often leads to analysis paralysis. Just as it is not a one-and-done deal, estate planning is not “one-size-fits-all.” Everybody’s situation is different. What works for your friend or family member will not necessarily work for you.

Keep these things in mind when considering creation or amendment of an estate plan. Should you have any questions about what to do to prepare for your estate plan, MH is ready to assist you.

Contributed by MH Phoenix Estate Planning Attorney Darren L. Richardson.

Why Choose Morris Hall:
You have a number of options when it comes to estate planning, so why pick Morris Hall?  First off, estate planning and asset protection are a very complicated endeavor and you should only trust someone who focuses exclusively on those matters.  Also, MH is a proud member of The American Academy of Estate Planning Attorneys (AAEPA) which provides us additional support, advanced training, tools and information that is not available to others – which means that we can better protect your assets and your loved ones.  We are one of only two firms in Arizona that belong to the AAEPA and are the only firm in that has been granted membership.  If you have assets and loved ones that you want to protect, you are in good hands with MH.  Contact us today at 888.222.1328 to schedule an appointment!

This blog should be used for informational purposes only.  It does not create an attorney-client relationship with any reader and should not be construed as legal advice.  If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.

  • Author
  • Recent Posts
Morris Hall, PLLC
Morris Hall, PLLC
Morris Hall, PLLC
Latest posts by Morris Hall, PLLC (see all)
  • How to Be Sure You Pick the Right Fiduciaries - March 24, 2023
  • How to Protect Your Incapacitated Wealthy Grandparents - March 23, 2023
  • Arizona Probate Fees - March 22, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

MH logo

Main Office

7600 N 16th St, Ste 105

Phoenix, AZ 85020

Phone: 602-249-1328

Fax: 602-248-2887

Subscribe to Our Newsletter

For a sample Click Here

Offices

Our law firm proudly serves many areas in Arizona. See all of our locations here.

Our law firm proudly serves the state of Arizona.  See all of our locations here.

Toll Free: 888-222-1328

Mon-Thur: 8:00am – 5:00pm
Fri: 8:00am – 4:00pm

  • Linkedin
  • Twitter
  • Facebook
  • Youtube
  • Instagram

Need an Estate Planning Lawyer in Arizona?

Looking for an estate planning attorney near you? We have office locations in Phoenix, Mesa, Chandler, Scottsdale, West Valley, Carefree, Prescott, Sedona, Flagstaff, Tucson, and Oro Valley in Arizona so please visit us at the location that is closest to you.

  • © 2023 American Academy of Estate Planning Attorneys, Inc All rights reserved.
  • Disclaimer