COSTLY MISTAKES
NOT HAVING ESTATE PLANNING DOCUMENTS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS

with Sandy Hornor | CEPS
Managing Director, Wealth Management &
Executive Manager, BWFA

and
Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, 
Financial Planner, BWFA

About This Episode

Estate planning isn’t only for the wealthy. Without the right documents, families may face legal challenges, financial stress, and uncertainty. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain why putting off estate planning is a costly mistake, and how to avoid it.

Full Description

Estate planning is often misunderstood. Many assume it’s only necessary for people with large estates, but in reality, nearly everyone benefits from having key documents in place. A lack of planning can leave families unprepared, force courts to make critical decisions, and create unnecessary stress during already difficult times.

In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge discuss the risks of not having essential estate planning documents. They explain the role of wills, powers of attorney, and healthcare directives in ensuring that your wishes are carried out. They also highlight how trusts can provide structure for transferring assets, minimizing disputes, and reducing costs for loved ones.

Listeners will hear stories of families caught unprepared because estate documents weren’t updated—or never created. Sandy and Tyler emphasize that estate planning is not a one-time task. It must evolve with changes in family circumstances, financial situations, and state or federal laws.

The episode also explores the emotional benefits of planning. Having documents in place allows families to focus on care and connection instead of conflict and confusion. It’s not just about money; it’s about protecting the people and priorities that matter most.

At BWFA, we work with clients to review and update estate planning as part of a comprehensive financial strategy. This episode highlights why it’s important to act now rather than wait until it’s too late.

For more information, visit BWFA’s Financial Planning Services.