Appleton Wisconsin Probate, Wills, Trusts and Estate Planning Attorneys, Kevin Davidson of The Estate Planning Group / Davidson Law Office,LLP discusses important documents and considerations for protecting your family and your assets, as well as Wisconsin Wills, Trusts, Estate Planning and Asset Protection issues.
Tuesday, January 16, 2018
Is it time to review your estate plan?
When did you last review your estate plan?How long ago did you put in place your estate
plan?5 years? 10 years?Over 10 years?Do you currently have an estate plan in
Reviewing one's estate plan serves at least two critical
functions.First, a review can guarantee
your plan still functions according to your wishes.All these questions can be answered by comprehensively
reviewing your estate plan:
·Do your assets still go to who you want?
·Are the correct people listed in decision-making
·Have your desires changed for who you want to
receive your assets?
·Have certain decision-makers moved away?
·Have minor children now become responsible
adults who are ready to serve on your behalf?
Secondly, a review can alert you to new laws affecting your
estate plan?An example from a few years
ago would be the changes regarding access to medical records with the Health
Insurance Portability and Accountability Act (HIPAA).A more recent example is the 2017 Tax Cuts
and Jobs Act, which changed estate and gift taxation rules.Whether it is the State Legislature or Congress,
both organizations continue to pass laws to meet changing circumstances.Staying up-to-date can mean the difference
between a plan accomplishing your goals and a plan that causes unneeded problems
For all our clients, we offer complimentary reviews every 3
years.For clients, it is a chance to
review their estate plan to ensure everything is current and there are no
major changes requiring updates due to the passage of new laws.For us, it is a chance to talk with clients
and ensure their estate plan continues to meet their objectives.
Whether you worked with us in the past or wish to work with
us in the future, give us a call today or send us an e-mail by clicking
here!We are always happy to assist individuals,
businesses, and families, plan for a smooth and seamless future!