Estate Law Attorney in Fort Collins, CO
Establishing a proper estate plan is important for people of all ages. It can ensure your final wishes are carried out and that your family members are taken care of. However, you’ll most likely have to update your estate plan several times throughout your life. Here are a few common reasons to review your plan:
There’s a new addition to your family
If there’s a new child or grandchild in your family, you likely want your estate plan to reflect that. As such, it’s important to schedule a meeting with an estate law attorney in Fort Collins, CO promptly.
The executor can no longer fulfill the position
One of the most important aspects of estate planning is selecting the appropriate executor. This person will be responsible for paying your debts and distributing your assets after you’re gone. However, circumstances may change over the years and the person you originally selected as the executor may long be a good choice. For example, if the person has suffered a debilitating illness or moved far away, it’s necessary to appoint a different executor.
You’re getting a divorce
If you’re planning to divorce your spouse, it’s critical to review your estate plan as soon as possible. After all, you likely don’t want your spouse to inherit certain assets, like your business or retirement account.
You want to disinherit a beneficiary
Relationships can change over the years, and they aren’t always for the better. If you have a falling out with one of the beneficiaries in your estate plan, you may want to disinherit this person. If that’s the case, you should get in contact with an elder law attorney as soon as possible.
You moved to another state
Not all states have the same estate planning laws. Therefore, if you move out of state, you should have an estate planning attorney from W.B. Moore, Attorney at Law look at your estate plan promptly. He or she may need to make certain changes to ensure your estate plan follows your new state’s laws.
Your assets change
Any time there is a significant change to your assets, you should have an estate planning attorney review your plan. For example, if you sell a property or receive an inheritance, your estate plan should reflect that.
Schedule a meeting with an estate law attorney from W.B. Moore, Attorney at Law today.