Yesterday was quite the day. My team executed several wills, trusts, powers of attorney, and other legal documents to help clients prepare for death and unexpected emergencies. My husband and I updated our will and trust as well. (We are pointing at the super cute box where we stored our shiny new docs.)
Nothing was wrong with our old plan, but I wanted to make sure we added things like a minor’s medical power of attorney and other related documents so that my sister in law has express rights to take care of our three kids 𝘫𝘶𝘴𝘵 𝘪𝘯 𝘤𝘢𝘴𝘦 we can’t.
It’s so important to keep your will updated, as well as the other legal documents. If you get married, get divorced, adopt a child, have another baby, retire, etc., this is the best time to have your plan reviewed and updated, if necessary.
𝘚𝘰𝘮𝘦𝘵𝘪𝘮𝘦𝘴 𝘺𝘰𝘶𝘳 𝘣𝘦𝘴𝘵𝘪𝘦 𝘮𝘰𝘷𝘦𝘴 𝘰𝘶𝘵 𝘰𝘧 𝘴𝘵𝘢𝘵𝘦 𝘢𝘯𝘥 𝘴𝘩𝘦 𝘤𝘢𝘯 𝘯𝘰 𝘭𝘰𝘯𝘨𝘦𝘳 𝘣𝘦 𝘺𝘰𝘶𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘰𝘸𝘦𝘳 𝘰𝘧 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 (𝘵𝘰 𝘴𝘵𝘢𝘯𝘥 𝘪𝘯 𝘢𝘴 you 𝘧𝘰𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘮𝘢𝘵𝘵𝘦𝘳𝘴). 𝘏𝘦𝘤𝘬, 𝘴𝘰𝘮𝘦𝘵𝘪𝘮𝘦𝘴 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘢 𝘧𝘢𝘭𝘭𝘪𝘯𝘨 𝘰𝘶𝘵 𝘸𝘪𝘵𝘩 𝘺𝘰𝘶𝘳 𝘴𝘪𝘴𝘵𝘦𝘳 𝘢𝘯𝘥 𝘥𝘰𝘯’𝘵 𝘸𝘢𝘯𝘵 𝘩𝘦𝘳 𝘳𝘢𝘪𝘴𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘬𝘪𝘥𝘴 𝘪𝘧 𝘺𝘰𝘶 𝘥𝘪𝘦 𝘰𝘳 𝘢𝘳𝘦 𝘪𝘯 𝘢𝘯 𝘦𝘮𝘦𝘳𝘨𝘦𝘯𝘤𝘺.
These are excellent reasons to update your estate plan.
As a rule of thumb, I tell clients to review their estate plan (will, trust, powers of attorney) every 3 to 5 years. My clients know that they can come to me whenever they have changes. I extend that offer to you as well (if you’re in Texas).
Whenever you are ready, book a consultation to make that change.