It’s a good idea to review your estate plan regularly, particularly after major life events occur to either the people in your life (marriages, divorces, deaths, etc.), or to the assets in your estate (inheritance, losses, new homes, etc.). Life is full of expected and unexpected turns, and many of them may lead to a need to amend a will or trust. Sullivan Law is happy to amend your plan, regardless of who drafted it.
You do not need to go back to the original drafting attorney to have your plans updated. Call today to get a quote.
Checklist of Changes Requiring Review of Will or Estate Plan
If any of the following events occur, you should request that we review the potential effect on your will or estate plan to determine whether an amendment or revision is needed. (This list is not an all-inclusive list.)
Changes in family relations
Marital separation or dissolution
Death of a spouse
Marriage of a single person
Changes regarding a child or grandchild or other beneficiary
Birth of a child (within wedlock or not)
Marriage of a child
Marriage dissolution of a child
Adoption of a child
Illness of a child
Death of a child
Economic change: good or bad fortune
Attitude change toward testator/trustor
Change in level of responsibility (finance, drugs, lifestyle, etc.)
Changes in your economic or personal condition
Asset values – increase or decrease
Change in insurability – health, life, disability, long-term care
Change in employment (esp. change in benefits)
Change in business interests – new partnerships or corporations
Property acquired in a different state
Change in health of client or spouse
Retirement from business or profession
External changes
Changes in laws; state and federal income, estate or gift taxes; property; trusts; probate
Change of residence to a different state
Death, disability, or relocation of executor, successor trustee, agent, or guardian
Checklist of Changes Requiring Review of Will or Estate Plan