I'm an Estate Planner: 7 Costly Trust and Tax Mistakes Even the Ultra-Wealthy Make 

"A technically sound plan can still fail if the human element isn't handled carefully." 

In a recent MoneyLion article, Day Pitney Trusts and Estates Partner Michael Wargon explains seven costly trust and tax planning mistakes that even the wealthiest families make and the lessons others can learn from them. 

Drawing on his experience representing high-net-worth individuals and families, he discusses how overcomplicating planning strategies, poor communication, overreliance on AI trust solutions, and more can create unintended consequences. Wargon highlights the importance of selecting the right fiduciaries and understanding family dynamics.  

Without clear communication and thoughtful planning, even well-designed strategies can create conflict and undermine a family's long-term goals. 

Read the full article here.