You may ask, “When should I change my will and trust?” Life changes. A regular review of your Estate Plan ensures your current wishes reflect those changes.
If you answer “yes” to any of these questions, your Estate Plan may need to change.
- Do you have a properly signed will, trust, and Powers of Attorney for Healthcare and Financial?
- Did you get married?
- Did you get divorced?
- Are there new children, stepchildren, or grandchildren in your family?
- Is your home deeded into your trust?
- Did you purchase real estate?
- Do you have family heirlooms or special items, like jewelry and artwork that you want to give away?
- Do you want to give or take away someone’s rights to live in your home after you die?
- Has anyone named in your Estate Plan pass away, become ill, or get divorced?
- Do you want to change your Trustee or Executor?
- Are you still comfortable with the person you chose to make healthcare and financial decisions if you are not able?
- Is someone receiving special benefits that was not previously?
- Have you changed your mind on the appointed guardian for your children?
- Are there family disagreements?
- Has your net worth significantly increased or decreased?
- Do you have a new business?
- Are your bank accounts and other financial accounts in your trust?
- Was your will or trust signed before 2013?
- Do you have a child that is turning 18?
The Swenson Law Firm offers free Estate Planning Consultations. We can review your current plan and let you know if there are any changes to your will and trust. We offer telephone and video consultations. Contact our office at 916-333-0833.