Is your Estate Plan up to Date? Time to Update It

At the end of the year I take a look at what has changed during the year because this might affect my estate plan. If you don’t already have an estate plan, you should make one. The best time to start reviewing your estate plan is at the beginning of the year.

How to Start Working on Your Estate Plan

Our Coachella Valley estate planning law firm can help get the ball rolling when you need expert advice. You may have documents that you need to update. One of the most essential documents to keep up to date is your will. A will or trust is the basic building block of your estate plan. It is important to make sure you have your will up to date, signed and witnessed.

Changes to Make to an Estate Plan

There are so many things that can change in your life over a year’s time such as a divorce, marriage or the size of your estate. In some states, once a divorce or a marriage becomes final it will invalidate your will, which is another reason to have it reviewed annually. Maybe you have moved to a different state where the state laws are different. A review of beneficiaries in your will could show that someone has died or become ill. Make a habit of reviewing your beneficiaries at least once a year.

Getting Help with Your Will from a Reputable Estate Planning Law Firm in Coachella Valley

Our Coachella Valley estate planning law firm can help you plan your will, set up a durable power of attorney and an advance health care directive, which are all elements to a good estate plan. They can also review your estate plan, confirm that all parts of your estate plan are up to date and conform to the state that you reside in. Contact us at 760-322-2275 for more information about estate planning.