Congratulations! Finding a new job in today’s competitive marketplace is an accomplishment that should be celebrated. Your new position will likely impact your life in many ways. One such way involves your existing estate plan. A change in employment could give rise to the need for modifications. It is important to take action in order to ensure that your plan functions in the manner that matches your current needs and goals.
Consider taking the following steps after ironing out the details of your new position:
- Contact your estate planning attorney. Your lawyer will thoroughly review your plan and your new circumstances to help determine what modifications may be necessary.
- Gather all of your existing estate planning documents if your current attorney does not have copies.
- Create updated lists of your assets, income, and debts.
- Consult with an attorney in your new state of residence, if applicable.
- Gather information on your new and existing retirement account information.
- Prepare a list of benefits associated with the new job.
- Outline any additional changes that have taken place since your last estate planning update.
While creating your estate plan is an important accomplishment, it is important to remember that estate planning is not a one-time endeavor. Staying up-to-date as life changes and laws are rewritten is crucial to the overall success of your plan. For more information about modifying your estate plan, contact our office directly.