This is the classic example of someone hiring an attorney who did not care about the client as soon as the documents were signed.

All in all, a pretty straightforward situation: a man had five different wives throughout his life and five kids from just the first wife. The man told the kids and the last wife that he wanted his retirement accounts (a total of $5 million) to go to his children only. Everyone agreed that this was fair.

The man hired an attorney who drafted up all the documents for an estate plan. The man did everything he thought was right; he signed a will, created a trust, and he even funded the trust.

He thought he was good to go.

But the attorney never bothered to follow up after signing the documents. No phone calls, no email, no reminders. Nothing.

The man passes away, and it turns out that the man forgot to change the beneficiary designation on his retirement accounts. Due to this one mistake, the man’s last wife got all $5 million.

And she was not in a sharing mood now that the man was gone. Each child lost out on a million dollars.

We were hired to see if the children could get the $5 million back from the last wife. Turns out they couldn’t. Texas law states beneficiary designations rule retirement accounts; it doesn’t matter what your will or trust says.

Worst of all? This whole situation was completely avoidable if the attorney just followed up with the man with a reminder, and the man took 10 minutes out of his day to call his retirement account manager. That was all it took to prevent this problem.

At Legion Law, you will receive free annual reviews of your estate, multiple reminders and consultations on how to properly execute the necessary paperwork, and you will have life-time access to an attorney to ensure you, your family, and your legacy are protected from small mistakes that can leave huge consequences. Reach out to us today!

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