As life changes, so should your estate plan. If you have an estate plan that you created years ago, it is important to review it periodically to make sure that it is still aligned with your current wishes and needs. Failing to update your estate plan can have serious consequences, such as your assets not going to the intended beneficiaries or your healthcare wishes not being carried out.
Here are some reasons why you should consider updating your estate plan:
Changes in your family situation: Have you recently gotten married, divorced, or had a child? These are significant life changes that can impact your estate plan. Updating your estate plan can ensure that your assets are distributed according to your wishes.
Changes in your assets: Have you acquired or sold assets since your last estate plan? Make sure that your estate plan reflects these changes to ensure that all your assets are accounted for.
Changes in your health: Has your health declined since your last estate plan? Make sure that your healthcare wishes are still accurate and that you have designated someone to make decisions on your behalf in case you become incapacitated.
Changes in the law: Estate planning laws are subject to change, and it is important to make sure that your estate plan is up-to-date with the current legal requirements.
Updating your estate plan can provide peace of mind for you and your loved ones. Contact Voorhees Law Group today to schedule a consultation and ensure that your estate plan is current and tailored to your unique needs.
Don’t wait until it’s too late to update your estate plan. Contact Voorhees Law Group today to schedule a consultation and protect your assets and wishes for the future.