Updating Your Estate Plan | Lawyer in Raleigh NC
Updating your estate plan might be one of the most important parts of estate planning in Raleigh NC, as a whole. Many times, a proper estate plan is never finished. There are several things that require occasional updates or changes, often.
With tax laws changing, it might be difficult to create an estate plan and expect it to hold up in court years later when it is actually needed. Your estate plan should be updated at least once a year. That way, you're able to ensure the documents remain valid. It's as simple as contacting your lawyer in Raleigh NC to help. Just set up an appointment to review your plan and any new events in your life. You'll be able to make changes right then.
- A change in net worth. Have you acquired a new business or made major financial changes in your current business?
- Additions to the family. Do you now have children or grandchildren that aren’t included in your estate plan?
- Guardianship or healthcare wishes have changed. Do you wish to appoint someone else as guardian or grant them healthcare power of attorney, over you or your children, should it be needed?
- Changes in the tax laws. They are ever changing. Are you keeping up? If not, consider allowing Eldreth Law Firm PC to help.
- Changes in your marital status. Are you newly married or divorced?
- Are you fearful of your child receiving a large sum of money without any restrictions? Would you prefer that money be restricted to education, health, and living expenses?
There are many things you may want to consider when making updates to your estate plan. Frequent changes may even be necessary. To make sure you make the appropriate changes to keep your estate plan valid, be sure to contact our lawyer in Raleigh NC at Eldreth Law Firm, PLLC so that we can assist you.
If you’re thinking of starting an estate plan and need advice on how to begin planning, be sure to contact us. We’d be happy to help you assess your situation and start drafting a plan.
Eldreth Law Firm | Lawyer in Raleigh NC
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also contact our estate planning attorney to schedule a consultation if you have yet to start estate planning. It’s never too early to make plans for your wishes upon death.
In addition, our lawyer in Raleigh NC is here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues. We also have a divorce lawyer, as well as one who works with child custody cases.