Your Estate Plan is a reflection of your own life, wishes, and loved ones. As your life changes and grows, shouldn’t your Estate Plan change and grow too? Estate Planning is the process of working with an attorney to create a legally-binding plan for what will happen to your remaining belongings and property after you pass away. Once you have created your Estate Plan, it is ready to be used - but it is still able to be updated.
When you have had major changes in your life, you need to update your Estate Plan to reflect them. Unfortunately, Estate Plans do not update automatically. You need the help of a local attorney to get everything in shape. Here are the 5 times when you need to update your Estate Plan immediately:
A New Marriage
When you get married, for the first or the fifth time, it is important to update your Estate Plan to include your spouse! It may seem insignificant on the long list of things to do when you are getting married, but it is essential for protecting your new family and including them in your life.
A New Divorce
It might seem like common sense that when you divorce someone, you don’t want them to still receive all of your property after you pass away. However, that is exactly what will happen if you do not make a point to update your Estate Plan after getting divorced. It is an essential step on your path to freedom.
A New Child
Welcoming a new child into your life is always an exciting time. No matter whether it was through birth, marriage, or adoption, it is important to add your new child to your Estate Plan. This is especially important for blended families, where step-children may be locked out of your estate without an inclusion on your Estate Plan.
A New Position
Whenever there is a major change in your career, it is important to update your Estate Plan. That is because your Estate Plan is built to fit your assets. When those assets change significantly, in one way or another, you need to update it accordingly.
A New State
Estate Planning and Probate work differently in every state. If you have recently moved to a new state, it is important to work with a local attorney there to make sure that your Estate Plan is in proper working order.
Get the Help That You Need
At Anthoor Law Group, we want to secure the future for you and your children. If you have created an Estate Plan, keeping it up to date is an essential part of protecting that future. For help making sure that you have an Estate Plan that accurately reflects your life, contact Anthoor Law Group today! At Anthoor Law Group, experience, results, and value matters the most.
Call (510) 794-2887 or fill out the short form below. We will usually respond within 1 business day but often do so the same day. Don’t hesitate, your questions are welcome.
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