04 Jun Tip Tuesday
Welcome to Eagle & Fein, P.C.
Is it time to update your trust or will? Life circumstances change and it’s important to make sure your estate planning documents reflect your current situation. Here are a few key times to consider scheduling an appointment with your attorney:
1. Marriage or Divorce: If you get married or divorced, it’s essential to update your trust or will to reflect your new marital status. This ensures that your assets are distributed according to your wishes.
2. Birth of a Child or Grandchild: Welcoming a new family member is a joyous occasion, but it also means your estate plan may need to be adjusted to provide for their future.
3. Significant Financial Changes: Whether you come into a large sum of money or experience a financial setback, it’s important to review your trust or will to ensure your assets are distributed as you intend.
4. Relocation to a Different State: Laws regarding wills and trusts vary by state, so if you move to a new state, it’s important to have your documents reviewed to ensure they comply with local laws.
5. Changes in Health: If your health deteriorates or improves significantly, you may want to update your trust or will to reflect your current situation and wishes for medical care.
Don’t wait until it’s too late to update your trust or will. Schedule an appointment with your attorney to ensure your estate plan is up to date and accurately reflects your wishes. #EstatePlanning #Trust #WillUpdate #LifeChanges.
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