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Estate Plan Update Checklist

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Though it is critical for your family, assets, and legacy- estate planning tends to fall to the bottom of people’s to-do lists. Even with an estate plan in place, it’s a good idea to have your estate plan reviewed, especially if you have experienced significant life changes (marriage, divorce, you have moved, etc.) Below is checklist to use in determining if and when you should have your estate plan reviewed:

Changes in Residency

Have you moved to a new state? Estate laws vary in different states, so it’s a good idea to review your estate plan to make sure it complies with local laws and regulations. You should also update your address and keep your family informed of where your documents are held.

Changes in the Law

Estate laws change over time. You should have your estate plan reviewed to see if it has been affected by changes to any state or federal laws.

Power of Attorney and Advance Healthcare Directive

Is your Power of Attorney and Advanced Healthcare Directive Up to Date? You should make sure the designations are up to date and accurate as well as your wishes.

Trusts

If you have a revocable trust in place then you should review trustee and successor trustee appointments. Also, you should have your trust reviewed for the estate and inheritance tax limit as that changes from time to time.

Contact Celaya Law to have a qualified estate planning attorney review your estate plan to make sure it is up to date with the current law and your wishes.