Every adult in the United States, regardless of age or net worth, should have a proper estate plan – essentially a blueprint for your life’s work and how it will live on and evolve after you’re gone. Unfortunately, many people view this a simple exercise in preparing documents, often downloading crude templates online and checking boxes. This haphazard approach often doesn’t stand up to court scrutiny and is not a reliable way to ensure that your death or disability triggers vital support for your loved ones.
An estate plan should also not be a set-it-and-forget-it endeavor. Some of the most common life events can have a dramatic effect on your estate plan. If you think your estate plan shouldn’t evolve over time, you and your loved ones may be in for a stomach turning surprise when it is time to put your plan into action.
Goals of an estate plan:
- Avoid state’s default plan
- Make your wishes known
- Take care of loved ones
- Avoid family conflict
- Protect your and your family’s legacy
Common situations to consider updating your estate plan:
- Birth of a child
- Birth of a grandchild
- Death of a family member
- Purchasing a new home
- Getting married
- Getting divorced
Your plan is a set of living, breathing documents. If you or your loved ones have experienced any of the above events recently (or since you last updated your estate plan), now is the time to call us to schedule a review of your documents. Do not wait until it is too late.
To further your goals, Glasson Legal, PLLC works with you to address your needs and concerns so that we can solidify a custom plan for your circumstances. We also take the time to educate our clients about the tools of estate planning, so we can fulfill a carefully planned strategy that addresses your family’s needs and gives you peace of mind.