Reviewing and Modifying Your Estate Plan

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Why should you review your estate plan documents? In the event of your incapacitation or death, having an outdated estate plan may have unintended consequences. For example, Your new assets, not transferred to your trust, being subject to probate; If you are predeceased by your nominated executors, trustees, or beneficiaries, you may be represented by individuals that do not have your best interests in mind, or that you no longer have a close relationship with; Your assets being directed to people or causes that you no longer support; Conflict within your family and friends; Outdated estate law tying the hands of your surviving spouse; When should you review your estate planning documents with your attorney? Birth/adoption of a child or grandchild; Death of a family member, executor, trustee, or personal representative of your estate of any kind; Marriage, affecting you or a beneficiary of your estate; Divorce, affecting you or ...

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