5 Reasons To Regularly Revisit Your Will With Estate Attorneys
Planning a will with estate attorneys once is rarely enough. Your life circumstances tend to change, as does the relevant legislation and elder law. Learn how frequent checkups on your will can save problems down the road.
There are many reasons to keep your testament updated. For best results, many financial planners recommend that you revisit your testament with estate attorneys at least once every five years. Depending on your particular situation, you may need to do it more frequently, or may simply feel more comfortable analyzing it regularly. Ultimately, it's up to you, but the more you visit now, the less likely that it is contended later, and the less likely that your heirs hire a litigation lawyer to sort out your estate later on.
Reason 1: Your Testament Never Goes Out Of Date
When you regularly check the contents of your testament, you may catch things that aren't accurate anymore. For example, you might not immediately think of removing your ex-wife from your heirs, even though it may be a necessary step. By visiting elder law specialists regularly, you'll ensure that nothing is forgotten.
Reason 2: Changing Legislation Never Impacts Your Wishes
Every so often, legal convention changes, even surrounding such durable contracts as a testament. If you regularly discuss your standing with an estate litigation lawyer, you won't have to worry about whether any developments might impact you. Provided you've got a good lawyer, you'll know about any changes as soon as you sit down in the office.
Reason 3: Everything Is Recorded
It is not uncommon for elements of the testament to be challenged after death, specifically with claims that they were not the original intent of the will maker. By regularly visiting your estate attorneys, you make it easier to prove that decisions about your testament were actually made by you. The attorney should keep diligent records, particularly if you ask them to do so. If you stick with the same legal advisor throughout the process, you'll develop a good paper trail that serves well should the matter ever come up in court.
Reason #4: Nothing Will Fall Through The Cracks
If you are regularly meeting with your litigation lawyer, you won't have to worry about small details regarding the distribution of your assets being forgotten. You may think of something that is very minor, and would otherwise be forgotten in a few days. If you weren't regularly communicating with your elder law specialist, you would be unlikely to bring this up with him or her. If you've been working for years to craft the perfect will, you should feel no hesitation to discuss or change even seemingly trivial particulars.
Reason #5: Peace Of Mind
There is nothing quite as comforting as knowing that you've done the absolute best for your family, and that you've done all you can to prevent family problems after your death. When you visit estate attorneys regularly to ensure that your will is updated and accurately reflects your wishes, that's exactly what you're doing. Even if you only change your testament once or twice during your lifetime, having constant contact with a litigation lawyer will provide comfort and a feeling of security.
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ABOUT THE AUTHOR
Chris Harmen is an author for Peck Bloom, the leading estate attorneys in Chicago. The Peck Bloom team has years of experience working with elder law in Chicago, enabling them to provide solutions to your estate questions and concerns.