I offer clients the opportunity to sit down with me and review their estate plans at least once each year.  However, this doesn’t mean you should wait until your next review if your circumstances change.

This Estate Planning Checklist identifies events that could make a significant impact on your estate.

I let my clients know if any of these events occur, they should call me.  For their continued protection, I let them know we may need to amend or revise one or more of their estate planning documents.

So here they are: 

Changes Involving You or Your Spouse

  1. You get married.
  2. You and your spouse divorce.
  3. Your spouse dies or becomes incapacitated.
  4. Your health changes.

Changes Involving Your Children, Grandchildren, or Other Beneficiaries

  1. You have a child.
  2. You adopt a child.
  3. Your child marries.
  4. Your child divorces.
  5. Your child becomes ill.
  6. One of your beneficiaries experiences an economic change, good or bad.
  7. One of your beneficiaries proves to be financially irresponsible.
  8. One of your beneficiaries has a change in attitude toward you.

Changes in Your Economic Condition

  1. The value of your assets increases or decreases.
  2. Your insurability for life insurance changes.
  3. Your employment changes.
  4. Your business interests change, such as becoming involved in a new partnership or corporation.
  5. You retire from your business or profession.
  6. You acquire property in a different state.
  7. You move to a different state.

Changes to a Person Named in Your Estate Plan

  1. Something happens to a person named in your estate plan, such as the death or incapacity of your personal representative, executor, trustee, guardian or conservator.

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