As you begin to consider your estate planning needs, you will likely have many questions and concerns. It’s important to make sure that you understand the basics of the estate planning process, so that you’re able to have the best plan possible. We’ve taken the time to answer more common estate planning questions in this article. Take a look at the following information, to learn more about estate planning. If you have any questions, or if you’d like to begin your estate planning, contact an estate planning attorney.
How often should an estate plan be updated?
An estate plan isn’t something that can be completed and forgotten about. You will need to make changes to your planning throughout your lifetime. This will ensure that your needs are always met, even as your goals, family, finances, and the law changes.
Everyone should take a look at their planning every 3 to 5 years. With the help of an estate planning attorney, you can determine whether changes need to be made. You may need to update your planning sooner, if you experience significant life changes. This may include divorce, marriage, the addition of a new child, or an out of state move. If you’re unsure whether updates need to be made, it’s important to consult with an attorney.
What makes a great estate planning attorney?
When hiring an estate planning attorney, you want to choose carefully. This will ensure that you’re getting the best results possible. An attorney should not only be experienced and have a lot of knowledge in the estate planning field, but he or she should make your feel comfortable. He or she should also be able to explain topics in a way that makes sense.
Don’t be afraid to ask around for recommendations. This will allow you to get an idea of some of the best estate planning attorneys in your area.
If you have any questions, or if you’d like to begin your estate planning, consult with a qualified estate planning attorney.