Having an up to date will, trust or estate plan can be critical in ensuring that your wishes are carried out in the end. Here are some events that should prompt you to head to your elder law attorney and have your plans brought up to date.

Changes in Marital Status

Have you gotten divorced, married or remarried? Any change in your marital status should prompt you to revisit your estate plan so that you can ensure that your assets are being distributed the way that you want them to be distributed.

If you have a second or more marriages, and children in each of those marriages, consulting with an attorney can help you to figure out the best way to set up your estate so that your assets will be distributed as you wish.

Changes in Tax Law

While it may not be something you keep up on regularly, you should be aware of when there are major changes in tax law. As the tax laws change they can significantly impact your estate and the right way to distribute the assets in your estate. An attorney can assist you with the best options for an estate of your size to avoid losing more than you should to taxes.

Change in Executor, trustee, beneficiaries or guardians

Any changes to people you have named in your estate plan should be addressed quickly.

If you need assistance in updated your estate plan, contact Stano Law group.