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Events that Trigger Needing an Update to Your Estate Plan

Birth – When a new family member is born this may impact any specific bequests and guardianship provisions.

Death – When someone passes away this may also impact specific bequests or require you to modify appointed agents and/or successors.

Marriage – When you get divorced or remarried, it is highly likely that all of your estate planning documents and beneficiary designations will need to be reviewed and updated.

Business Issues – When you start a new business, enter a Buy-Sell Agreement, alter the legal form of your business, change business partner(s), or experience a significant change in your business’ value, you should review your estate plan.

Disability - If a beneficiary of yours becomes disabled, you may be jeopardizing their public assistance benefits by giving them an outright distribution from your estate. With proper planning, a disabled beneficiary may receive an inheritance and still qualify for public assistance benefits.

Some other instances that may precipitate the need to review your estate plan include moving to a new state, tax law changes, or coming into a windfall or large sum of money that alters your planning goals.


Relocating to a New State

Generally speaking, legally executed wills and trusts prepared in one state are valid in another because of the full faith and credit clause of the U.S. Constitution.  While revisions may seem like an unnecessary cost, issues could arise from a relocation that impact your estate plan and overall goals, so it is always best to consult an experienced estate planning attorney in your new state.

The following are issues that you need to consider when relocating:

-          Does my estate plan include any specific bequests of real estate? If so, those will need to be updated if you sold the property and bought new property.

-          Review the state laws for number of witnesses and notaries for each type of document and ensure compliance.

-          Guardianship is subject to jurisdiction requirements. An old guardianship in another state cannot be recognized under the new state jurisdiction and must be updated.

-          There can be significant differences from state to state in what is required on the forms or in the content of valid advance directives.

Our Process: 

You will receive an email with a questionnaire link. Complete and submit prior to your consultation and the $350 fee will be waived.

Meet with an estate planning attorney and learn all the different strategies that can help you achieve the outcomes you desire.

Choose your plan based on your budget.

Pay half of the plan fee and schedule your legacy interview and signing ceremony.

At signing, pay the balance owed and get your plan along with the peace of mind knowing you protected everything you own and everyone you love! Schedule Now!



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