1) Marital Status
Your marital status has changed (because of marriage or re-marriage, death, or divorce)
2) Empty Nest
Your kids have turned 18 and are now able to serve as your lawful agents (e.g., personal representatives, trustees, health care agents, and attorneys-in-fact)
3) Business Interests
You’ve acquired investment property or a business interest since executing your estate documents
4) Representative Change
The person you named as your personal representative, successor trustee, health care agent, or attorney-in-fact has died, moved, or is now unable to serve
5) Health Changes
Your health care wishes have changed and your directives need to be updated
6) Beneficiaries
You wish to add beneficiaries (such as grandchildren), or to change existing bequests in your will or trust
7) Residency
Your estate documents were executed in a different state
Disclaimer: Laws change constantly. Specific legal advice should be obtained regarding any legal matter. The information contained on this website does not constitute legal advice and no attorney-client relationship is created.
Related Content
How Establishing a Trust Ensures Your Wishes are Honored
/in Wills & Trusts/by Loose Law Group, P.C.While a will is a fundamental estate planning tool, establishing a trust can offer a more versatile and efficient approach to transferring wealth and providing for future generations.
Does Putting Your Home in Trust Abandon Your Homestead Exemption?
/in Estate Planning/by Don LooseArizona homeowners face a difficult dilemma when planning their estates. They want to secure their family’s future by placing their home in a trust, yet they fear that doing so might forfeit their homestead exemption.
Secure Your Legacy: A Guide to Estate Planning by Scottsdale Attorneys
/in Estate Planning/by Loose Law Group, P.C.Estate planning involves more than just writing a will. It’s a comprehensive process that encompasses various legal and financial strategies to manage your assets during your lifetime and after your passing.
7 Reasons to Update Your Estate Plan
/in Estate Planning/by Don LooseYour estate plan is not a “set-and-forget” kind of strategy. There are certain life events and circumstances that warrant your updating this important set of documents.
Why You Need an Estate Plan
/in Estate Planning, Wills & Trusts/by Leighten HendricksonPlanning for our own death is not something that tends to thrill most of us. It is difficult to face our own mortality.