Review the questions below to see if it is time for an Estate Plan Check-Up
- Has it been more than 3 years since you reviewed your current estate plan?
- If you have minor children, does your estate plan name Guardians for them?
- Since creating your estate plan, are your children now adults?
- If you have a Trust, are there any assets that you have not transferred into your Trust?
- If you become disabled, is your Power of Attorney document for financial decisions older than 5 years?
- If you become disabled, is your Power of Attorney document for health care decisions older than 5 years?
- Are there any gifts you would like to make to charities at your death that have not been clearly set forth in your planning documents?
- Is there any personal property that you would like distributed that have not been clearly set forth in your planning documents, including the care of any surviving pets?
- Since you signed your planning documents, have you changed your mind about any aspect of the plan?
- Has the value of your assets changed since you signed your planning documents?
- Have you added or changed the kind of assets you own since your planning documents were signed?
- Have you recently been married, divorced or widowed since your estate planning documents were signed?
- Have you had children since your estate planning documents were signed?
- Have your children had children?
- Have any of your children been married, divorced or died since your planning documents were signed?
- Have you, your spouse or child become physically or mentally incapacitated since your planning documents were signed?
- Have you bought or sold a house or other piece of property since your planning documents were signed?
- Are you contemplating selling stock or other valuable assets with a low cost basis?
- Have you moved between states since your planning documents were signed?
- If you have a Living Trust, are Medi-Cal triggers in place to ensure that at the appropriate time Medi-Cal planning can be implemented?
If you have answered ‘YES’ to any of these questions, it is a good idea to schedule a review appointment.
