Which of the following is considered a pitfall of an estate plan?

The choice indicating ancillary probate issues is indeed recognized as a potential pitfall of an estate plan. Ancillary probate refers to the additional probate process that may be required in a state other than where the deceased was domiciled. This can occur when an individual owns real estate or other assets in multiple states. The necessity for ancillary probate can complicate the estate settlement process, prolong it, and incur additional costs and legal fees.

Proper estate planning aims to minimize such complications, making the presence of ancillary probate a significant drawback. While living trusts, powers of attorney, and family limited partnerships are tools used within estate planning to provide benefits such as avoiding probate, providing for incapacity, and facilitating asset distribution, they do not typically introduce the same level of complexity and potential for additional legal hurdles associated with ancillary probate. Thus, focusing on eliminating ancillary probate issues is critical to an efficient and effective estate plan.