Estate Law Articles
20 Red Flags That Signal When Your Will or Powers of Attorney are Out of Date
Changes Involving You or Your Spouse
- You get married.
- You and your spouse divorce.
- Your spouse dies or becomes incapacitated.
- Your health changes.
Changes Involving Your Children, Grandchildren or Other Beneficiaries
- You have a child.
- You adopt a child.
- Your child marries.
- Your child divorces.
- Your child becomes ill.
- One of your beneficiaries experiences an economic change, good or bad.
- One of your beneficiaries proves to be financially irresponsible.
- One of your beneficiaries has a change in attitude toward you.
Changes in Your Economic Condition
- The value of your assets increases or decreases.
- Your insurability for life insurance changes.
- Your employment changes.
- Your business interests change, such as becoming involved in a new partnership or corporation.
- You retire from your business or profession.
- You acquire property in a different state.
- You move to a different state.
Changes to a Person Named in Your Estate Plan
- Something happens to a person named in your estate plan, such as the death or incapacity of your personal representative, executor, trustee, guardian or conservator.