Do Nothing. Take no responsibility or time to plan, or prepare any documents. Allow your family to wonder who should get your possessions. Then let them wonder why your new spouse got the family home, and why they got nothing.
Don’t find out what the difference between a will and a living trust is. Then you won’t know that a simple will can lead to a very expensive court proceeding. You won’t know why experts say that if you own real estate, you should prepare a living trust.
Put your kid’s name on your deed. Don’t ask your tax professional about the consequences of your actions, especially not the transactions that involve big dollars. Does anyone really care if they have to pay more taxes than they should?
Procrastinate a little longer. Your lack of action only makes it more probable that your family will feud after you’re gone. Everyone knows that you’re a busy person. Besides, there are more fun things to do right now.
Don’t organize your financial papers. Hide your insurance policies, deeds, titles, bank records, retirement documents and bills in different places. Make sure nothing is up to date. If everything is on your computer, leave no clues as to what your passwords are. Imagine your family’s surprise when they discover your past due bills and the collectors start calling. Remember, the more disorganized you are, the longer it will take for them to figure it all out, maybe even years!
Don’t update your estate plan after your divorce. Your ex-spouse will appreciate getting a check from your retirement plan and insurance company after you’re gone.