Updating Your Estate Plan
We all like to have the peace of mind that comes with knowing our affairs are in order should anything happen to us. But, while we continue on our path, we may, from time to time, encounter an unexpected detour. Whether plans change for positive reasons or due to challenges we may experience, it is important that the estate plan one has in place remains current and up-to-date.
At Family Law Group, we review and implement any changes necessary for your will, trust or other documents. Our experienced attorney, works together with you to explore your options, and helps you determine if your plan needs any revisions to reflect your current wishes.
What Changes Might Require Changes To A Plan?
There are several different major events which may lead you to revisit your estate planning documents. Proper planning is crucial to making sure that the right people receive the right assets upon your passing, and if you fail to update the plan, your old documents will be administered according to Colorado probate laws. Some of the reasons estate plans may need changes include:
- The loss of a loved one who is a beneficiary in the plan
- The arrival of a new child into the family
- A divorce or remarriage
- A substantial change in the value of the assets you have to distribute
- Disputes that require you to remove someone from your plan
Should you experience any of these occurrences, you should probably take a few moments to make sure your estate plan remains up-to-date. The last thing you want is to leave your family stuck in a confusing situation which seems headed toward a lengthy dispute.
Our lawyer will carefully examine your estate plan, and discuss any possible changes you would like to make. We can then evaluate the best approach to take to produce a comprehensive plan that is current and matches your specific objectives.