When to Update Your Estate Plan
If you already have an estate plan in place, you may need toupdate it from time to time. Here are 6such times when you should consider an update:
- Changes in marital status
- Changes in the number of beneficiaries
- Changes in the status of beneficiaries
- Substantial changes in net worth
- Changes in fiduciaries
- Moving to another state
See Ike Devji, 6 Key Times to Consider Estate Plan Updates,Producers Web, Oct. 4, 2013.
Special thanks toJim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringingthis article to my attention.
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