Common Estate Planning Mistakes That Can Undermine Your Legacy with Dom Parillo (Ep. 205)
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A lot of people think their estate planning is complete once the legal documents are signed. But for retirees and families with complex assets, those documents may not be enough if trusts, beneficiary designations, account ownership, and tax planning aren’t coordinated.
In this episode, Larry Heller, CFP®, CDFA®, speaks with Dominick J. Parillo, JD, CFP®, Director of Wealth Transfer at Savant Wealth Management, about the estate planning details families often overlook. They explain how an unfunded revocable living trust can still lead to probate, why beneficiary designations may override a will, and how account ownership can affect New York estate tax planning. They also discuss powers of attorney, healthcare documents, inheritance protection, trustee selection, and why your estate plan should continue to evolve as your family, finances, and wishes change.
Larry and Dom discuss:
- Why signing estate planning documents doesn’t mean the planning is finished
- Why funding a revocable living trust is important for avoiding probate
- How beneficiary designations and account ownership may override a will
- What married couples should know about New York estate tax planning
- How continuing trusts and trustee selection may help protect an inheritance
- And more!
Resources:
Connect with Dominick J. Parillo:
- Dominick J. Parillo, JD, CFP® | Savant Wealth Management
- LinkedIn: Dominick J. Parillo
- LinkedIn: Savant Wealth Management
Connect with Larry Heller:
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
- LinkedIn: Larry Heller, CFP®, CDFA®, CPA
- YouTube: Retirement Unlocked with Larry Heller, CFP®
About Our Guest:
Dominick “Dom” J. Parillo, JD, CFP®, is Director of Wealth Transfer at Savant Wealth Management. Based in Manassas, Virginia, he helps high-net-worth families and business owners coordinate estate planning, trust administration, wealth transfer, and legacy decisions.
Heller Wealth Management is now part of Savant Wealth Management. Savant is a Registered Investment Advisor. This content is provided for informational and educational purposes only and should not be construed as personalized investment advice.
Effective March 31, 2026, Heller Wealth Management joined Savant Wealth Management (“Savant”). A copy of Savant’s current written disclosure Brochure discussing our advisory services and fees is available at www.savantwealth.com/disclosure-brochures/