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It Is a Good Idea to Occasionally Revisit Your Will

Posted by Nina Whitehurst | Apr 17, 2018 | 0 Comments

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A will written years ago may not fit with the current laws of your state, if changes have been made.

Whether an estate plan is a good one depends on state laws that may be changed, so it is a good idea to take a fresh look at your plan, according to the Dunwoody Crier in "Estate Planning 2018."

Estate planning is extremely sensitive to tax laws and regulations that frequently change. When an estate planning attorney helps a client create a plan, the attorney drafts a plan that is the best one possible to accomplish the client's goals under the current laws. However, when the laws change, it often means that previous estate planning is no longer the best way to do things.

Sometimes, an older way of doing things can be penalized by current laws.

What that means for estate planning, is that your will is a time sensitive document. When it was written, it was prepared under the assumption that you would pass away before the laws changed. If you signed it a couple of weeks ago, that's not a problem.

An estate planning attorney can advise you on if your will fits the laws of your state and especially if your will was written years ago.

Reference: Dunwoody Crier (March 27, 2018) "Estate Planning 2018."

About the Author

Nina Whitehurst

Attorney at Law Nina has been practicing law for over 30 years in the areas of estate planning, real estate and business law She is currently licensed in Alaska, Arizona, California, Colorado, Oregon and Tennessee. Her Martindale-Hubbell attorney rating is the highest achievable: 5 stars in peer...

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