Does Your Estate Plan Need Updating?

Even minor changes in circumstances can impact an estate plan. In performing an annual evaluation, consider the following:

• Did you recently move? (new house, city, or state)
• Have you purchased or sold real estate or other property?
• Did a loved one pass away?
• Has your health deteriorated substantially since the creation of your estate plan?
• Have you had any children since your will was last executed?
• Have you recently been married?
• Have any of your children become recently married?
• Have you become a grandparent recently?
• Has contention developed between you and a loved one? Specifically, persons you named as executors or beneficiaries?

See Vidhya Babu, Does Your Estate Plan Need a Makeover?, JDSupra Business Advisor, Dec. 6, 2013.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.