The rule of thumb when it comes to updating  your will and estate planning documents is to review it yearly. However, we get caught up in our busy lives that we often forget or are unable to find time. A will is a very important legal document that protects important assets such as your family.  Keeping your estate planning documents up to date is essential to making sure you are still in control of your assets and everything will happen the way you want it to.

Here are common reasons to update your will:

  • Your child(ren) reached the age of 18

  • Newly added family members such as adoption or new births

  • Spouse passes away

  • There has been a marriage, divorce, or remarriage

  • An increase or decrease in the value of your estate

  • An acquisition of a significant asset

  • Started a business

  • Moved to a new state

  • Want to make a charitable contribution

  • The beneficiaries you have named are now deceased

  • Change in guardian, trustees, executor, etc.

It is important to remember that the passage of time is reason enough. State laws change- such as tax laws- and can impact your estate planning documents. Have you updated your will and estate planning documents recently? Give us a call at (614) 429-1053 so we can help assist you in updating your estate planning!

You must be logged in to post a comment.