Estate planning can be one of the most emotionally difficult endeavors people undertake during their lifetimes. It brings up issues involving death and incapacity, which no one enjoys contemplating. Still, getting it done can help make your later years a little more stress-free and enjoyable.
An estate planning attorney can help you address the many topics you will need to explore in estate planning. However, once you have made your decisions and recorded them in the appropriate legal documents, your estate planning may not necessarily be over. Life has a way of changing as time goes by, and this means that you might need to review and update your estate plan accordingly.
We know that most of you in the Jackson region are not happy to learn that you may need to revisit those uncomfortable estate planning topics. Unfortunately, failing to do so may compromise your final wishes if your life undergoes significant changes. Following are some events that could necessitate an update of your estate plan.
- A divorce or a new marriage
- Someone named in your estate has died
- The birth or adoption of children, grandchildren or other heirs
- A significant increase or decrease in the value of your estate
- A move to a different state
In some cases, nothing significant will happen to necessitate an estate planning update. However, it is still a good idea to look over your documents periodically just to ensure that they continue meeting your needs. If you see an area of concern, take the matter to your attorney, who can assist you with making changes.
Please continue exploring our website if you need more information. We also encourage Missouri residents to reach out to us for personalized estate planning guidance.