Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Sunday, December 22, 2013

Does Your Estate Plan Need Updating?

Alarmclock

Even minor changes in circumstances can impact an estate plan. In performing an annual evaluation, consider the following:

  • Did you recently move? (new house, city, or state)
  • Have you purchased or sold real estate or other property?
  • Did a loved one pass away?
  • Has your health deteriorated substantially since the creation of your estate plan?
  • Have you had any children since your will was last executed?
  • Have you recently been married?
  • Have any of your children become recently married?
  • Have you become a grandparent recently?
  • Has contention developed between you and a loved one? Specifically, persons you named as executors or beneficiaries?

See Vidhya Babu, Does Your Estate Plan Need a Makeover?, JDSupra Business Advisor, Dec. 6, 2013.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/12/does-your-estate-plan-need-updating.html

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