Inspired by the recent movie “Get On Up” about rock icon James Brown, fee-only financial adviser Steve Juetten suggests that the most common estate planning mistakes can be overcome with a just a few soulful song titles to remind and inspire them.
August 29, 2014 /MM-prReach/ —
The recent release of the movie biopic “ Get On Up ” about the life and times of singer/songwriter and rock icon James Brown inspired fee-only financial adviser Steve Juetten to think about the most common estate planning mistakes he sees people making and how to avoid them.
Juetten was inspired to create this list of estate planning blunders because the multi-million dollar estate of Mr. Brown has been tied up in multiple lawsuits since he died almost eight years ago. Not a penny has been distributed to any of the beneficiaries named in Mr. Brown’s will, including a trust that he set up to provide education funding for dis-advantaged youth in Georgia and Tennessee.
Borrowing from James Brown’s song titles, here are five common estate planning mistakes:
Mr. Juetten states, “The “Payback ” for effective estate planning is peace of mind and confidence that your wishes will be carried out after you’re no longer around to watch over your assets. If you don’t want your heirs to become “Super Bad ” fighting over assets or “ Waiting in Vain ” for he courts to settle things, then “ Please, Please, Please ” take care of your estate plans now.”
About Fee-Only Financial Adviser Steve Juetten
Fee-only financial adviser Steve Juetten works with a select group of working professionals to help them create, implement and maintain their personal financial plans. The author of Smart Money Rules™ Little Green Book he is also a CERTIFIED FINANCIAL PROFESSIONAL and the Managing Member and Principal of Juetten Personal Financial Planning, a fee-only Registered Investment Adviser firm in Bellevue, Washington. Steve and his team work collaboratively as trusted advisors to help their clients achieve their financial goals and don’t sell products or take commssions. Learn more at http://www.finpath.com.
Name: Steve Juetten
Organization: Juetten Personal Financial Planning
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