The laws always seem to be changing. Why should I modify my estate plan now and not wait? Estate planning laws, like other laws, can change. Whether it is legislative action or a court ruling, there could be legal changes that impact your estate plan at any time. Some years see many changes while other years there may be none.
You Can’t Predict the Future
There is no way for you to know when estate planning laws may change, and there is no way for you to know when you will die. But even so, you need to make an informed decision about whether you should modify your existing estate plan now.
You need to think about:
- How recent changes in the law, or your personal situation, impact your estate plan.
- The consequences if you were to die without modifying your will, trust, or other estate planning documents.
- Whether it is worth the risk to wait and see if more changes are coming; or if it is worth the cost to modify your estate in order to have the peace of mind that comes with it.
The laws always seem to be changing. Why should I modify my estate plan now and not wait? Estate planning laws, like other laws, can change. There is no crystal ball to help you make these types of decisions. However, you don’t have to make them without the advice of an experienced estate planning lawyer. Our lawyers may not be able to predict the future, but we can help you make informed choices. Please start a live chat with us today to find out more about your estate planning modification options.