California Estate Planning Attorney Explains When To Review Estate Planning Documents

Your California estate plan doesn't have a shelf life

, like perishable foods do. But neither is it like the survivalist rations made so popular during the Y2K scare. An estate plan requires periodic maintenance, and your estate planning attorney can help you with a schedule based on your life situation.

As a basic rule, you should consult with your estate planning attorney at least every three to five years, barring any significant life changes. Your estate planning attorney will be able to review your situation, including your savings, investments and retirement plans, and make adjustments to your estate plan as necessary due to changes in the law or your circumstances.

Here are some common life events that should prompt you to schedule an appointment with your estate planning attorney:

Marriage - If your estate plan was created prior to your marriage or remarriage, it is critical to consult your estate planning attorney to include your spouse in your estate plan. If you don't, California will include your spouse by default, and the default law is usually not what people wanted. Estate plan documents that need to be reviewed after a marriage include a will, living trust, powers of attorney, including healthcare and financial powers of attorney. Your estate planning attorney can guide you through a systematic review of your estate plan.

Divorce - In the event of the dissolution of your marriage, you should revise your estate plan in accordance with the divorce settlement. Your estate planning attorney will also review any powers of attorney and beneficiary arrangements in your estate plan that may need to be revised after the divorce. Divorce attorneys will not do this for you!

Children - The birth or adoption of a child is another time to consult your estate planning attorney. He or she will review your estate plan to ensure that the distribution of assets in your estate plan is in accordance with your wishes.

Death or Incapacity - If one of your heirs dies or becomes incapacitated, you should consult your estate planning attorney to revise your estate plan. Also, if the person who is granted power of attorney for healthcare or financial matters dies or becomes incapacitated, notify your estate planning attorney so that your estate plan can be revised.

If you would like more information concerning your estate planning options, consult a certified estate planning specialist who can walk you through the various life changes that may prompt a revision of your estate plan. Whether your estate planning goals are immediate or long-term, a qualified estate planning attorney will be able to counsel you on the best options available to you to meet your individual needs.

by: Kevin Von Tungeln

POST COMMENT

The Road to Achievement A Legacy Of Achievement At Seo Client Management At Seo Company India Ecommerce Website Design and Development – 3 Questions You Must Ask To Find The Best Company The All-inclusive Menu Of Seo Services India Sperm Enhancement And Semen Quality Solution What is involved in implementing an e-learning system? Axillary Hyperhidrosis Treatment Review - Stop Excessive Body Sweating Problems Treatment of Diabetes Yeast Infection Symptoms And Treatment CZ Engagement Rings – Affordable Diamond Alternatives A Chiropractic Adjustment Can Be Free Jim Rohn personal development