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Your Estate Plan: 10 Reasons To Review

Your New Year’s Resolutions Should Include An Estate Plan Review

estate plan infographic

Since tax codes, health, relationships, and assets can change, all affecting the integrity of your estate plan, you need to review it every five years. And, since January is often a time to review, reflect, and do, it’s the right time to re-assess your estate plan. to make sure it still meets your goals.

Here are some reasons you may need to modify your estate plan:

  • There has been a change in your marital status (many states have laws that revoke part or all of your will if you marry or get divorced) or that of your children or grandchildren
  • There has been an addition to your family
  • A family member has become dependent on you
  • The agent you selected as health care surrogate or power of attorney is no longer appropriate
  • There has been a substantial change in the value of your assets
  • You have received a sizable inheritance or gift
  • Your income level has changed
  • You are retiring
  • You have made a change to your will; one of your beneficiaries has passed away or has become disabled
  • Your power of attorney documents are more than five years old

Learn more about how the attorneys at The Miller Elder Law Firm can help you with modifications to keep your estate plan current and valid.   You may call us at 352-379-1900 or complete the form below and we will contact you.