How Often Do I Need To Update My Estate Plan?

How Often Do I Need To Update My Estate Plan?
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So many people have asked me about wills trusts estate planning in the state of Utah that I needed to make this video and explain a little bit about the topic.

How Often Do I Need To Update My Estate Plan?

How Often Do I Need To Update My Estate Plan?

The actual question was: how often do I need to update my estate plan?  If you already have done your estate planning and you have a will and a trust, a durable power of attorney and your health care directive, congratulations!  That is great!  Now, just because you’ve done that, doesn’t mean that those documents won’t need to be updated at some point.

How Often Do I Need To Update My Estate Plan?

 

How Often Do I Need To Update My Estate Plan?

A little bit ago an older client came in who hadn’t updated his estate plan since 1982?  Imagine that!  You should also consider that the average will that is probated in the United States is about 30 years old.

 

So what should you do to make sure that your will and trust and overall estate plan doesn’t get outdated?

 

You should probably meet with your estate planning lawyer at least once a year.  Now, maybe that is overkill for some.  The real standard should be whenever there is a major or life event that happens.  For example – you have another child; or you won the lottery J — sorry, I couldn’t help that one; but if you start a business, close a business, have a child get married, you have a grandchild, you purchase a new property; get a boat, get a rental property; buy a beach house or cabin; when you retire, or when a family member dies – all of these are life events that can affect your estate plan.

 

Look – if you’re watching this video or reading this now, you probably realize that you need to speak with an estate planning attorney.  We can help you – give us a call.

 

Call me today for your free consultation

Utah Estate Planning Attorney
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 676-5507

We focus our practice on those who live in South Jordan, Salt Lake City, Pepperwood, Cottonwood Heights, Highland, Holladay, Sandy, Midvale, Riverton, Draper, Magna, Alpine, Herriman, Bluffdale, Lehi, Tooele, North Salt Lake, Bountiful, Woods Cross, Orem, Park City, Farmington, Provo, Camp Williams, or Grantsville.  But you should know that we have done probate and estate cases for people all over the United States and if you have a question, we offer a no-obligation free initial consultation, so feel free to give us a call –

 

I hope to hear from you soon.  Be sure to subscribe to my channel.  Please like this video.  Thanks!

 

 

wills trusts estate planning attorney Utah

wills trusts estate planning attorney Utah

wills trusts estate planning attorney Utah

 

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