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There are many reasons why an estate plan should be updated


The start of a new year for Kent residents can be a great time to review important family documents. Although no one wants to think about what will happen to their assets and their heirs when they die, estate planning needs to happen to preserve the assets and create a legacy.

For Kent residents who already have an estate plan there are several reasons why it may need to be reviewed and updated. Family status updates will probably require an update. These include marriage, divorce or a new baby. An estate plan may also need to be updated if a family member gets a terminal cancer diagnosis or other serious disease. If a beneficiary or family member dies that information would need to be updated in an estate plan. A move from another state is another reason and finally if a family would like to update guardians for their children that would change an estate plan.

An estate plan contains very important documents for families. It's where children's guardians are listed, charities are recognized, beneficiaries are named and assets are distributed. It can also include medical decision wishes. A legal professional skilled in estate planning is a great resource for families who need help creating or updating their estate plan. They understand and can point out the unique needs that each family has and have strategies to make sure a family's wishes are met.

An estate plan is a great way for families to make sure their wishes will be kept after they pass away. Although estate planning isn't something that most people want to think about once it is complete it can help a family feel more secure.

Source: kplr.com, "Reasons to update your estate plan," Jan. 15, 2016

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To speak with an attorney at Gellner Law Group about estate planning, probate, trusts, wills or tax controversy, contact our law office in Kent, Washington, today. You can call 425-336-2908 or send us an email. We provide representation across the entire Seattle-Tacoma metropolitan area.

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