Wills, Trusts & Estates Prof Blog

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

Thursday, May 9, 2013

Updating Estate Planning Documents

ImagesOften people will draft their documents and then forget about them, but this can be a bad idea and wreak havoc on your health and your family's wealth. 

Recently a Consumer Reports survey indicated the 86% of respondents who had wills or other estate documents had not updated them within the past five years. As circumstances change throughout the course of a lifetime, your documents should be updated accordingly. The Wall Street Journal lists the following key documents to evaluate for updates: 

  • Wills
  • Trusts
  • Health-care directives
  • Financial power of attorney

See Elizabeth O'Brien, Make Your Heirs Happy: Update Your Will, The Wall Street Journal, May 8, 2013. 

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


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