Written by attorney Ronald P Adams

Maintaining a Healthy Estate Plan

If you have been putting off updating your estate plan, you are unknowingly playing a risky game that very realistically could result in your loved ones facing financial loss, hurt feelings, and additional stress.

Additional resources provided by the author

A July 2017 Wall Street Journal article "Haven't Updated Your Estate Plan in a While? It's Time" - highlighted several cases in which the originator of a will or trust waited too long to update their documents, and the results for surviving family members were costly and emotionally burdensome. It's a good article that you might find worth sharing with others. You should have your plan reviewed by an experienced estate planning attorney whenever any major life changes occur in your circumstances. Those can include relocation, marriage, divorce, property transfers, starting or selling a business, a decline in health, the death of a spouse, or the addition of children or other potential heirs. (For more examples, see our article, "Has Your Estate Plan Aged as Gracefully as You?")

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