March 11, 2011
Spring is officially around the corner, which means the mad dash to start “spring cleaning” is in full effect!
Before you start cleaning out the closet, garage, home office or anything else that tends to get overly cluttered/ messy through the year, may I suggest you officially start by tidying up your Gold River estate plan?
You see, estate plans can get pretty messy through the years…especially when they become outdated or fail to reflect your current medical or long-term care wishes. In fact, an outdated plan can get so messy that it stands the chance of failing when your family needs it the most!
Now I realize that like most chores, updating your estate plan may not seem like most fun thing in the world to do. Perhaps it feels burdensome, complicated or even serves as another painful reminder of your mortality. However, it’s important to remember that by giving your plan a yearly checkup, you are helping to ensure that without a shadow of a doubt your wishes will stay honored as your life and the law changes through the years.
So if it’s been awhile since your estate plan has experienced a good “freshening up”, I recommend you pull it out of the drawer as soon as possible and check for the following:
And of course if it’s really been a long time since your estate plan experienced some TLC, you may also want to schedule an appointment with a Gold River estate planning attorney to make sure everything is legally up to speed and still set up for maximum protection under current state and federal laws.
Either way, commit to giving your plan a good “tidying up” this spring so you can enjoy the upcoming months with total peace of mind knowing your family, wishes and assets will be protected if something happens to you.