A resume is a “snapshot” of your experience, skill set, and education that provides prospective employers insight into who you are and how you will perform. Imagine not updating that resume for five, 10, or even 15 years. Would it accurately reflect your professional abilities? Would it do what you want it to do? Likely not. Estate plans are similar in that you need to update them on a regular basis to reflect changes in your life, so they can do what you want them to do.
Outdated estate plans – like outdated resumes – simply don’t work.
Take a Moment to Reflect
Think back for a moment – think of all the changes in your life. What’s changed since you signed your will, trust, and other estate planning documents? If something has changed that affects you, your trusted helpers, or your beneficiaries, your estate plan probably needs to reflect that change.
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