From time to time we learn important information from these advisors that we believe all our clients should know about.  We recently had lunch with Kurt Thoennessen of Ericson Insurance Advisors, who told us about steps he's taking to make sure that his clients have adequate property and liability insurance while minimizing overall costs.  One potential pitfall is that a client transfers property into a trust for estate planning purposes but fails to update their policies with the name of the new entity, which could lead to paying for insurance that offers no coverage at all.