Why You Should Update Your Estate Plan Today

Estate planning documents in a leather briefcase - vertical

Estate planning documents in a leather briefcase – vertical

Only about half of Americans ages 55-64 even have a will. Fewer have an estate plan.

Even if you have an estate plan, however, it doesn’t mean your work is over, according to a story in Forbes.

The chances are your personal and financial situation will change as time goes on. You have to periodically review your estate to make sure it reflects current goals and needs.

These life changes can affect your plan:

  • Marriage
  • Divorce
  • You have or adopt a child
  • You get injured
  • Your goals change
  • You inherit
  • You buy or sell a business
  •  You move to another state

 

 

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