44 Reasons Why You May Need to Update Your Estate Plan
Below are 44 reasons why you may need to make changes to your estate plan:
- Marriage for you
- Marriage for child
- Marriage for grandchild
- Divorce for you
- Divorce for child
- Divorce for grandchild
- Separation for you
- Separation for child
- Separation for grandchild
- Illness or disability for you
- Illness, disability or death of spouse
- Illness, disability or death of child
- Illness, disability or death of grandchild
- Birth or adoption for you,
- Birth or adoption for child
- Birth or adoption for grandchild
- Close family member dies, becomes ill or disabled
- Your parents or other close family member becomes dependent on you
- Value of your assets substantially increased
- Value of your assets substantially decreased
- You receive a large gift or inheritance
- Your spouse receives a large gift or inheritance
- Significant increase or decrease in income
- You are retiring
- Your spouse is retiring
- Child or grandchild becomes an adult
- Education funding for child or grandchild
- Change in the relationship with your guardian and you change your mind
- Your guardian, moves, becomes ill, dies, or changes mind
- Change in the relationship with your executor and you change or mind
- Your executor moves, becomes ill, dies, or changes mind
- Change in the relationship with your trustee and you change your mind
- Your trustee moves, becomes ill, dies or changes mind
- Opening a business
- Closing a business
- You or your spouse change careers
- 2nd Marriages and blended families for you, children or grandchildren
- Change in the state tax code
- Change in the federal tax code
- Moving to another state
- Buying property in another state
- Loved one receiving public benefits because of illness and disability
- Credit problems and lawsuits—you and your loved ones
- Change in relationship between you and your beneficiaries
Want Peace of Mind and a Complete Evaluation of Your Case?
Call (610) 365-4986 NOW or Click HERE to Schedule a Consultation with Chester County Pennsylvania Estate Planning Attorney, Michaelangelo L. Dippolito. Click HERE to see the attorney’s background.
Not Ready to Speak to an Attorney Yet? No Problem.
Get this FREE Book and Consumer Protection Guide, Will, Power of Attorney, Living Will & Trusts in Pennsylvania, A Consumer Protection Guide on What You Need to Know to Protect Your Legal Rights. Here’s Some of What’s in the FREE Book and Consumer Protection Guide:
- Optimal Estate Plan to Protect Your Life Savings and Family Relationships
- Why Your Retirement Plan Should be in a Trust
- An Estate Plan for 2nd Marriages & Blended Families
- 44 Reasons Why You May Need to Update Your Estate Plan
- Annual Review of Your Estate Plan to Make Sure it Works
- Arming Yourself with Knowledge is the First Step to a New Beginning
Still Not Ready and Want to Learn More Before You Move Forward? No problem.
Click HERE for more information on Will, Power of Attorney, Living Will, & Trusts in Pennsylvania, and remember, we’re just a phone call away at (610) 365-4986.
Chester County Pennsylvania Estate Planning Attorney with ThePeoplesLawFirm.com