Jump to Navigation
Subscribe to this blog’s feed Are You in Need of Expert Legal Representation? Contact Us For A Consultation. (201) 467-4180

McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
Kearny Law Office Map
email firm here

Bold labels are required.

Please note that First AND/OR Last Name, and Email AND/OR Phone are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

So You've Got an Estate Plan, But Is It Still Accurate?

We talk a lot about getting in early and seeing someone regarding your estate plan. This is 100 percent true - it is rarely ever too early to start planning for your future, the future of a spouse or the wellbeing of loved ones. Even if you do not own a large amount of assets, having something like a will in your back pocket can provide a significant measure of mental ease.

Say you have been proactive and set up an estate plan. Years from considering advanced healthcare directives and other, more specific, end-of-life planning, you still have your assets accounted for and protected.

Let's fast forward five years. Have your assets increased? Maybe you've bought a home, new car or have a larger family. Does your estate plan from five years ago still accurately reflect your current situation?

For most people, the answer will likely be no. Matt Wallace writes in The Times Herald, "At a minimum, you should review your plan each year to make sure it continues to meet your needs."

This would be ideal, but a yearly review is probably not realistic for most people. If you can't afford the time, or don't want to review your estate plan every year, the least you can do is check in on it after major changes in family or estate.

For example, buying a house would be a significant life event that would most likely necessitate major modifications to your estate plan. Having a child would be another major event that you might want to account for in your will.

Just because you've planned ahead and set up an estate plan early, that doesn't mean that you're done planning forever.

Source Article

No Comments

Leave a comment
Comment Information