Jessica and Robert created their estate plan when their children were young. At the time, they were focused on making sure their kids were cared for in the event of an emergency. They set up a will, designated guardians, and thought they had everything covered.
Years later, their children were grown, and their financial situation had improved. They realized that their estate plan no longer reflected their current lives. That’s when they came to Voorhees Law Group PC to review their plan.
Our team helped them see how much had changed:
- Changes in Family: Their original will had named guardians for their children, but now that their kids were adults, this was no longer necessary. Jessica and Robert needed to update their will to reflect their new family dynamics.
- Changes in Finances: Over the years, Robert’s business had grown, and their financial situation was much different than when they first created their estate plan. We recommended setting up a trust to protect their assets and ensure their wealth was passed down efficiently.
- Changes in Law: Since their original plan, there had been changes in California’s estate tax laws that could impact their family. By updating their estate plan, they were able to take advantage of new legal protections.
After reviewing and updating their plan, Jessica and Robert felt confident that their estate was now aligned with their current life. They could focus on enjoying time with their family, knowing that their future was secure.
If you haven’t reviewed your estate plan in a while, it’s time to make sure it still fits your life. Request a consultation today with Voorhees Law Group PC, and we’ll help you keep your plan up to date.