Does Your Estate Plan Need a Makeover?

You have an estate plan. In fact you just created one last year. So why would your estate plan need a makeover? Estate plans should never be rigid or concrete. Instead they should be malleable and easily adapted to meet your current situation. After all, an estate plan you created a year ago (or longer) may not reflect your current situation. In the event that something should happen to you, an out-of-date estate plan can cause contention and strife among beneficiaries.

When deciding whether your estate plan needs a makeover, ask yourself the following questions:

Even a minor change in your circumstances can affect the legacy you leave behind to your loved ones. Everyone who creates an estate plan should make habit of performing an annual estate plan checkup. By consulting with an experienced attorney, you can find out immediately if your plan is up-date and if it is an accurate and valid reflection of your current situation.

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