When do I update my estate plan?
A: Estate planning is an ongoing process. You are likely to have more than one Will drafted in your lifetime. Your Will can be changed any time and is not considered final and irrevocable until your death. Your Will should take into account your family, your assets, your wishes, and the laws in effect at the time the Will is written. Over time, some or all of these factors may change, and the changes may indicate a need to review your estate plan.
Some of the events that may trigger a review of an existing Will are the following: [Read more…]