When to Update Your Port Charlotte Will
One of the biggest mistakes people make with estate planning is they feel that they are done planning once their will has been finalized. It is always recommended that you set up your estate as soon as possible. As your life changes and evolves, it is important that your will is updated to keep pace with those changes.
Family Changes
As the years go by, you might find yourself divorced or widowed, and then remarried. You have children from your first marriage, and then you add to that with children from subsequent marriages. Ex-spouses and children can sometimes pass away and your entire family dynamic has changed. Each time your family status is altered, you need to update your will to make sure it reflects the way you want your assets distributed to your current family members.
Hardship
Hardship can come in many forms including medical, financial, and the loss of many loved ones. When you experience hardship in your life, it can sometimes change your estate in ways that need to be addressed. Updating your estate after experiencing a hardship can help you to feel peace of mind knowing that the situation has been addressed in a way that makes sense.
When You Change Estate Planners
There are many reasons people change estate planners including the retirement of their current planner, or their current planner suddenly passes away. You want your estate to always be in the hands of a capable organization, and that is why you change planners. Each time you change estate planners, it is important to update your Port Charlotte will.
The Mattar Firm are the estate planning professionals the people of Port Charlotte turn to when they want results. We invite you to give our estate planning attorneys a call and set up an appointment to review your will and make any changes necessary to accurately reflect your current life situation.