The general guidance among experienced and qualified estate planning attorneys is that you should review your estate plan every few years. However, if certain events such as a move occur, you need to review your estate plan at that time. Move to a new state When you move to a new state, it is in your best interests to consult with an experienced and qualified estate planning attorney in your new locale. Laws vary from state to state so the legal documents of your estate plan should be … [Read more...] about If I Move, Should I Review My Estate Plan?
Updating Your Estate Plan
A successful estate plan is an estate plan that works. An estate plan works if it does what you want it to do. The 3 keys to a successful estate plan are communication with loved ones, updating on a regular basis, and consultation with a qualified and experienced estate planning attorney. If you have all 3 keys, the door opens to a successful plan and your investment of time, effort, and money will be worth it. Importantly, your wishes will be honored. In other words, your estate plan will … [Read more...] about The Keys to a Successful Estate Plan
When you think about estate planning, you may put it on the back burner, thinking that you will have time put a plan in place at a future date. Many people adopt this perspective, and as a result, most Americans are not properly prepared. Because of this tendency toward foot dragging, once you put your initial plan in place, you may feel as though the job is done. You have finally taken action, and you no longer have to feel this nagging sense of unpreparedness. It's great to put a plan in … [Read more...] about Can Tax Legislation Impact My Estate Plan?