An estate planning attorney can provide invaluable advice on the issues that matter when it comes to planning for your future. Because both your life and the law regularly change, making plans for your future is not a one and done endeavor. Instead, it is something that you will need to think about on an ongoing basis. You always want to make sure that you have updated plans in place, so talking with an estate planning lawyer on a regular basis will allow you to protect your family and assets and have the peace-of-mind of knowing that you have a plan for the future.
Nirenstein, Horowitz & Associates is here to help you ensure that you have made appropriate updates to your plans as your life changes and evolves. We make it easy to create your initial estate plan and to update your plans as needed. Give us a call today to schedule your consultation and to learn about the different ways that our legal team can work for you.
How Often Should You Make an Appointment with an Estate Planning Attorney?
You should make an appointment with an estate planning attorney whenever you have a big change occur in your life. For example, when you have gotten married or divorced, you’ll want to ensure that you have appropriately updated your plans so you can take care of your new spouse or so you can make updates to who will inherit and who will act on your behalf after a divorce has occurred. If your child has become an adult or if you have a new child or grandchild, you’ll also need to update your plans accordingly so you can provide the desired inheritance to your loved one in the most appropriate possible way.
If you wish to make any changes to your existing estate planning, you also want to talk with an experienced attorney about the modifications that you are making. Altering your existing estate plans will require an understanding of the appropriate way to modify wills, trusts or other legal tools. You don’t want any confusion over your intentions and you don’t want to make mistakes in your plan modification that result in your true wishes not being respected.
Even if you don’t have a big life change and even when you don’t yet have a desire or have a desire to modify the estate plans that you have created in the past, it is still a good idea to talk with an estate planning lawyer on a regular basis. For example, you should typically try to talk with your lawyer about once per year, even if you don’t have any specific modifications that you want to make to the existing plans that you have put into place.
Your attorney can go over the current plans you have set up so you can review what will happen if you get sick or if you pass away. You may find that you intended to make a change that you forgot about or that a change in the assets that you own necessitates a modification so all of your loved ones are cared for based on the current wealth that you have. Your attorney can also help you to understand whether any laws, rules or regulations have changed that could affect your planning process. For example, President Trump has proposed changes to the estate tax and if these changes are put into law, this could impact the kinds of plans that you end up making.
Nirenstein, Horowitz & Associates will keep abreast of any legal changes that occur and our legal team will advise you on how different shifts in the law could potentially affect your existing estate plan so you can make appropriate adjustments as needed.
Getting Help from An Estate Planning Attorney
An estate planning at Nirenstein, Horowitz & Associates is here to help you to understand changes to the law that could affect your estate planning and is here to provide you with advice on how best to make modifications to your existing estate plan as needed based on changes in your life circumstances.
To find out more about the different legal services that we can offer to you in your estate planning process, give us a call at 860-548-1000 or contact us online today. You can also join us for a free seminar to discover more about why keeping your estate plan updated is vital to protect your family and assets. Give us a call today to find out more.