Professional Liability
Learn about professional liability in estate planning. Understand how professionals protect themselves and clients when creating trusts and estate documents.
What happens if my estate planning professional makes a mistake on my trust?
Professional liability insurance typically covers errors made by estate planning professionals when drafting trusts or other documents. The professional's insurance may pay for correcting mistakes, legal fees, or damages that result from their error. However, coverage varies by policy and the specific type of mistake. This is why many people choose to work with professionals who carry adequate professional liability coverage and why some opt for DIY platforms that focus on accuracy and state-specific requirements.
