Is Your Will Up-To-Date?

Many estates are not distributed according to an individual’s desires, simply because the estate plan was outdated. To evaluate your own plan’s validity, consider these questions:

• Are the witnesses to your will still living?
• Have you moved to another state since your will was drafted?
• Does your will appoint a personal representative who would be unable to serve today?
• Have minor children become legal adults, and does this change your desires for estate distribution?
• Have tax laws changed since you last reviewed your estate plan?
• Do you need to explore the use of a trust?
• Have your charitable interests changed since your will was drafted?
• Has the size of your estate increased, resulting in a need for additional planning?
• Does your present estate plan provide for management of property in case of disability prior to death?
• Are there additional methods you may employ to avoid probate at the time of death?

Your answers to these questions may indicate it is time to review and possibly consider updating your estate plan. Please allow us to be of service. We have prepared a practical booklet, Your Estate Planning Guide, and it is yours—free.