Should you update your estate plan?

Below are some important questions to ask yourself when deciding whether you should update your estate plan.

Have any of the following happened since you executed your will or trust?

• Have you married or been divorced?

• Have your children been married or been divorced?

• Do your childrend or any other beneficiaries need protection from creditors?

• Have relatives, other beneficiaries, the executor, or the guardian died, or have relationships with them changed substantially?

• Has the mental or physical condition of any of your relatives, other beneficiaries, guardian, or executor changed substantially?

• Have you had more children or grandchildren, or have children gone to college or moved out of, or into, your home?

• Have you moved to another state?

• Have you bought, sold, or mortgaged a business or real estate?

• Have you acquired major assets (car, home, bank account)?

• Have you inhereited significant property?

• Have your business or financial circumstances change significantly (estate size, pension, salary, ownership)?

• Has your state's law (or have federal tax laws) changed in a away that might affect your tax and estate planning?

• Have you changed your ideas about what to do with any of your assets?

• Have you decided to do more (or less) charitable giving?

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