Monday, June 8, 2009

Rethinking Your Estate Plan - Question 5


This is the last question from the Money Magazine article that I have been quoting from over the last few days.

QUESTION 5. WHEN SHOULD YOU REVISIT YOUR PLAN?
"So you've constructed your estate plan. Congratulations! Now you can forget all about it and get back to watching the Cubs game, right? Not exactly. If we have learned anything from the past year, it is how drastically things can change. New tax laws get passed; fortunes get steam-rollered; grandchildren are born. Such changes can quickly render even the best estate plan obsolete. So be sure to contact your attorney every three years or so and ask whether your plan needs updating. Always call when you hear of estate tax changes that may affect you. That way, when the inevitable happens, you really can rest in peace."

At our firm, we stay in touch with you regarding new laws affecting estate planning. Every 3 years we contact you to determine whether there have been any life changing circumstances that should be considered in your estate plan. Let us stay on top of your plan for you. Leave a comment or contact us at http://www.ythlaw.com/

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