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Welcome 2020! The New Year is a great time to review your Estate Plan!

WHEN SHOULD YOU REVIEW OR UPDATE YOUR ESTATE PLAN?
Are you concerned about or uncertain whether your affairs are in order? Whether you have specific questions or more generalized concerns that your plan may not be fully up-to-date, reach out to an estate planning attorney for help. Your attorney should have a review process designed to keep you informed, with confidence and clarity.
It’s time for a review if:
It’s been a few years:
You don’t know for sure what your estate plan consists of and want to gain a better understanding of, or be refreshed on, what your estate plan does for you and your family.
You have an older will or trust and wonder if it is adequate for the job, or could be improved upon.
You have a will and you have heard about revocable or irrevocable trusts and wonder if you should use one or both.
You have a revocable trust and you have heard about irrevocable trusts and wonder if it’s time for you to consider using one.
You are relying on your past attorney to update you if something has changed that you ought to be aware of, and more than three years has passed since you have heard from him or her.
You lack 100% confidence in your plan:
You do not understand your trust(s), or want to confirm your understanding, or gain clarity and confidence.
You have a life insurance trust and wonder if it is still useful.
You wonder what changes in the law may affect you, and how.
You have an estate plan that makes you nervous because it seems complicated.
You have an irrevocable trust and wonder if it’s right for you, and what you can do about it if it isn’t.
You are generally uneasy about the state of your legal affairs.
You (or one of you, if married) has changed your state of residence.
You know laws have changed but don’t know how the changes may affect you.

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The Stottlemeyer Family

When should you review or update your Estate Plan?

WHEN SHOULD YOU REVIEW OR UPDATE YOUR ESTATE PLAN?
Are you concerned about or uncertain whether your affairs are in order? Whether you have specific questions or more generalized concerns that your plan may not be fully up-to-date, reach out to an estate planning attorney for help. Your attorney should have a review process designed to keep you informed, with confidence and clarity.
It’s time for a review if:
It’s been a few years:
You don’t know for sure what your estate plan consists of and want to gain a better understanding of, or be refreshed on, what your estate plan does for you and your family.
You have an older will or trust and wonder if it is adequate for the job, or could be improved upon.
You have a will and you have heard about revocable or irrevocable trusts and wonder if you should use one or both.
You have a revocable trust and you have heard about irrevocable trusts and wonder if it’s time for you to consider using one.
You are relying on your past attorney to update you if something has changed that you ought to be aware of, and more than three years has passed since you have heard from him or her.
You lack 100% confidence in your plan:
You do not understand your trust(s), or want to confirm your understanding, or gain clarity and confidence.
You have a life insurance trust and wonder if it is still useful.
You wonder what changes in the law may affect you, and how.
You have an estate plan that makes you nervous because it seems complicated.
You have an irrevocable trust and wonder if it’s right for you, and what you can do about it if it isn’t.
You are generally uneasy about the state of your legal affairs.
You (or one of you, if married) has changed your state of residence.
You know laws have changed but don’t know how the changes may affect you.

Read more

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Who Will Raise My Children In My Absence?

Planning for minor children in the event of a parent’s death or disability is one of the most important plans to have, yet it is often overlooked or ignored.  The thought of losing your life or the ability to care for your child isn’t a pleasant one and the associated fear motivated me to spend … Read more

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Hyatt McIntire & Associates