Eight Vital Estate Planning Mistakes.

1 percent of private bankruptcy cases in 2007 were linked to hospital bills. Given our states money crisis its safe to claim that this is a bigger problem today in 2009. So what does this research show about our current medical care situation?One major sickness could cause unaffordable doctor's bills or a dip in or absence of earnings which ends in bankruptcy. Id like to debate 8 imperative estate planning mistakes that may create heavy problems for those you leave behind.

No Estate Tax Planning : With good planning, a married couple can protect up to $4 million from State of Connecticut estate taxes and $7 million from Fed estate tax.

No Disability Planning : there's more to estate planning than distributing assets after death. A complete estate plan starts with planning for your own disability.

No Guardians for Minor Youngsters Named : Oldsters devote substantial time to providing for the requirements of their kids. Here's loads more news about inexpensive health insurance. But, these same oldsters regularly fail to designate guardians for their minor children in the event both oldsters are gone. Because they have paid the hospital bills they're not superb in several cases but they were the reason for the Mastercard bills and other bills that are superb. Until something is done about our medicare situation, folk will continue to use bankruptcy to help with their fiscal issues due to a sickness.