You did a great job of creating the essential documents for your estate planning several years ago. While those efforts were fine then, things may have changed. It’s time to take a fresh look at your estate planning in Scottsdale, AZ, and see if you need to make some updates. Here are some of reasons.
One has to do with a change in the assets that you hold. There could be more real estate, investments, and even personal belongings that are not accounted for in the previous planning. To help ensure your executor knows what to do with them, now is the time to update your will and any other guidance you have in place.
The fact that your relationships might have changed also means it’s time to update those documents. Perhaps you’ve divorced and remarried. Maybe there’s another child who was born after the current documents were compiled. Maybe there’s someone included as a beneficiary who has passed away. Updating the necessary documents means less confusion for those that you leave behind.
Don’t overlook the fact that your wishes for how those assets will be distributed or who will manage the distribution may have changed. You may want to select someone else as your executor, include a friend that you’ve made more recently, or possibly disown someone who you feel deserves nothing. If so, now is the time to talk with a professional about updating everything to help ensure that your wishes are made known.
Remember that a professional can make the task of updating your estate planning in Scottsdale, AZ, simpler. The professional may have some ideas that help ensure the planning is more in line with what you want to happen. Call today and schedule an appointment. Once the work is done, you can rest easier knowing everything is in order.
