Posted by: Robin Gronsky | March 19, 2013

Keep Your Estate Planning Documents Up-to-Date

Our lives change, our minds change, the law changes.  I know you spent good money to get your estate planning documents done and you thought you were finished.  For many of you, that will hold true for several years, maybe even decades.

But if you change your mind about your executor, your power of attorney agent, who you want to give your money to, you get divorced or remarry, whether your son or daughter can be trusted not to squander his/her inheritance or you make so much money that you decide you want to do some estate tax planning so the government doesn’t get a penny of it, you should consult with your estate planning attorney again to get the changes made.

It could be that the changes are minor so you can add a codicil rather than get a whole new will done.  But don’t guess whether you need new documents or check it out on the internet – call your lawyer and let him/her give you the correct answers.

 

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