When should you update your estate plan?

Broadbent & Taylor, Attorneys at Law

You met with your attorney and set up your estate plan, and now you never need to worry about it again, right?  Wrong!  There are certain life events that warrant having your estate plan reviewed and updated, if necessary.  

 

1.  Changes in your Family.  

Families are ever evolving, and with those evolutions, there may be modifications that you want to make to your estate plan.  You should absolutely have your estate plan re-done if you get married or divorced.  It is also a good idea to update your estate plan if you have had or adopted a child or grandchild.  If a named beneficiary in your estate plan dies, you will want to update your estate plan, even if you have a contingent beneficiary named.  Finally, if you have children that have attained the age of 18, you may want to modify your estate plan to remove…

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