Estate plans are almost magical: they allow you to maintain control of your assets, yet protect you should you become incapacitated. They take care of your family and pets. And, if carefully crafted, they reduce fees, taxes, stress, and time delays. Estate plans can even keep your family and financial affairs private. But one thing estate plans can’t do is update themselves; you must act in order to update your estate plan.
Estate plans are written to reflect your situation at a specific point in time. While they have some flexibility, the bottom line is that our lives continually change and unfold in ways we might not have ever anticipated. Your plan needs to reflect those changes. If not, if will become stale and can fail miserably.
If anything in the following 5 categories has occurred in your life since you signed your estate planning documents, contact us now to schedule a meeting. We’ll get you in ASAP to update your estate plan and make sure you and your family get protected.
We have put together a checklist for you to use in determining whether you need to update your Estate Plan. You can get your copy by clicking Estate Plan Check-Up.
Old estate plans get stale. Please don’t rely on your estate plan from yesteryear. If you’ve experienced any of the changes we’ve mentioned, it’s time to come in and chat. We’ll review your estate plan and make sure you and your loved ones are protected.
Father, husband, entrepreneur, and owner of a trivia filled brain. I help families and individuals plan for the unexpected and end of life. Schedule a Complimentary Strategy Session to chat with me, get answers to your questions, and find out about your Estate Plan options.
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