Have you updated your will recently? If you haven’t looked at your estate planning documents in the last ten years, now is the time to review them. It’s very likely that something has changed and you will want to make an update. Of course, any big life change is also a reason for updating your estate plan. Moving to another state, selling or acquiring property, births and deaths are all things that can affect the terms of your will or your trusts.
Also take this opportunity to let your relatives know where to find your important documents and what your wishes are. You may have read about the controversy over Aretha Franklin’s will and the 5-year court battle that followed the singer’s death. (https://www.nytimes.com/2023/07/11/arts/music/aretha-franklin-will-couch.html) No one wants this kind of family drama, which means it is very important to have a current will and communicate your wishes clearly to your heirs.
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