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December 21, 2007


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The next three preventable mistakes in estate planning are as follows:

1. Preventable Mistake No.1: Naming minors as beneficiaries of life insurance policies, pension plans, etc.
2. Preventable Mistake No. 2: Not changing beneficiaries of IRA accounts, pensions, and Life Insurance policies after a divorce is final.
3. Preventable Mistake No. 3: Not naming appropriate persons as guardians for minor children, and failing to provide instructions for guardians.


Mina N. Sirkin, Esq.

I have an uncle who has been married for 14 years. He is about to start recieveing roylaties from property he inherented from his father. He does not want to leave her the royalties after he dies. Is this possible in that he lives in Texas a common law state and has a will that givesa her 50% of his estate?

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