At the top of your spring-cleaning list should be thinking about ways to clean up your estate plan. If it’s been some time since you first sat down with a knowledgeable estate planning attorney and drafted a plan and the documents that helped to guide your most important decisions and the transfer of your assets, now you may need to make updates.
When is the Last Time You Checked in with Your Estate Plan?
There’s a good chance that you’ve forgotten to incorporate new assets, not thought about old beneficiary designations that are no longer relevant or have acquired new responsibilities that may need to be addressed and concerns such as your life insurance strategy. You want to start by looking at every document for your estate plan and organizing these. You want to consider the purpose of that document and whether or not that technique is still in service to you now.
You may determine that something that made sense to you years ago has little benefit today or is no longer relevant to you at all. Working with a qualified estate planning attorney is one of the best ways to identify when this applies to your situation and to help you determine the most appropriate strategy going forward.
When to Find an Estate Planning Lawyer in MA
If your estate plan hasn’t been reviewed in many years, now is the perfect opportunity to review what’s in place and to expand your estate plan to include important considerations such as power of attorney designations and end of life care. Working with the right estate planning lawyer is your next step.
