Estate planning is a lifetime process. Changes in the law, your finances or family circumstances mean that it’s time for a review.
Whenever you have a significant change in your life circumstances, you should come back in and review your estate plan. Remember, estate planning is not a once-and-done transaction, but a lifetime process. However, what are some of the “significant” changes that could impact your plan and require a review and/or update?
While it is impossible to list all possible significant changes, Forbes recently listed some common ones in "6 Reasons To Revise Your Estate Plan As Soon As Possible," including:
Call (443) 470-3599 today and schedule a consultation with Maryland Attorney Britt L. Stouffer to learn more about Estate or Elder Law and how she can help you.
Reference: Forbes (January 2, 2017) "6 Reasons To Revise Your Estate Plan As Soon As Possible"