Having an estate plan is an important step that everyone should contemplate. It allows you to direct where your hard-earned and cherished assets go, ultimately deciding who gets them and when and how they will inherit.
A question I often get asked is, “How often should I update my Will or Trust document?” In typical lawyer fashion, the short answer is, it depends on your individual situation. However, your estate planning documents should be reviewed every so often, roughly every 3–7 years.
Here are some instances in which an update or review of your estate plan should be considered:
If you have any more questions about the status of your existing estate plan or want to start the process of creating a new one, please contact Joshua Perry with the contact information below.