Estate Planning – Who Needs It?

in Asset Protection, Avoid Probate, Estate Planning, Power Of Attorney, Revocable Living Trust, Wills & Trusts

Who Needs Estate Planning? Many people, when they hear the words “estate planning,” don’t think it applies to them. “I don’t have an estate to plan!” they may say. I think this comes about from the use of the word “estate.” The word is often used to refer to the mansions and real estate holdings of the rich and famous. But the definition of an estate is “all of the things that a person owns.” In other words, your estate is the sum of your stuff: your home, your bank accounts, your stocks and bonds, your retirement account, your cars and boat, and...

30 January

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When to Review And Renew Your Estate Plan

Posted by Libby Banks

in Estate Planning

Change is inevitable. With estate planning, you put in place the best plan you can at the time. However, as changes come in your life and in the law, your plan may need some changes too. So when should you review – and possibly renew – your estate plan? Here are some specific times you need to call for a review. Changes in Your Life Have you had any major changes in your life? Has your spouse died? Did you get a divorce? Have you gotten married? All of these require an update in your plan, even if you are keeping your...

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Estate Planning – Who Needs It?

When to Review And Renew Your Estate Plan