As we near the end of the year our law firm has scheduled estate planning review meetings with our clients who have opted into Foundations, our client membership program. Reviewing your estate plan with your Michigan estate planning lawyer is vital to the well being of your estate plan.
There are many things that can go awry with an out of date estate plan. To often we see people from other law firms who have not updated their estate plan for years and years. Problems include, agents passing away, Federal Tax planning gone wrong, powers of attorney documents going stale in the eyes of banks, and changes in law that make documents ineffective.
All these issues can be avoided by having your estate planning attorney review your documents on a yearly basis, similar to a doctors check up. Some years everything will be OK, but often times there are minor tweaks, changes, and amendments needed to the will based estate plan or trust based estate plan.
There are many things that can go awry with an out of date estate plan. To often we see people from other law firms who have not updated their estate plan for years and years. Problems include, agents passing away, Federal Tax planning gone wrong, powers of attorney documents going stale in the eyes of banks, and changes in law that make documents ineffective.
All these issues can be avoided by having your estate planning attorney review your documents on a yearly basis, similar to a doctors check up. Some years everything will be OK, but often times there are minor tweaks, changes, and amendments needed to the will based estate plan or trust based estate plan.
If you are not an estate planning client of ours or had your estate plan drafted by another estate planning lawyer, contact us for a review. We would be happy to sit down and review your plan for any holes or errors.
-Christopher J. Berry, Esq.
Oakland County Estate Planning Lawyer
-Christopher J. Berry, Esq.
Oakland County Estate Planning Lawyer
