Share

Minneapolis Estate Planning and Probate Lawyer Blog

Monday, November 18, 2013

Updating Your Estate Plan, Part II: Signs It's Time to Update Your Estate Plan

A Minnesota Estate Planning and Probate Attorney Lists 20 Red Flags That Signal When Your Will or Living Trust is Out of Date

I offer clients the opportunity to sit down with me and review their estate plans at least once each year.  However, this doesn’t mean you should wait until your next review if your circumstances change.  This Estate Planning Checklist identifies events that could make a significant impact on your estate.  If any of these events occurs, please call me.  For your protection, we may need to amend or revise one or more of your estate planning documents.

Changes Involving You or Your Spouse/Partner

1.  You get married.
2.  You and your spouse divorce or partner break up.
3.  Your spouse/partner dies or becomes incapacitated.
4.  Your health changes.

Changes Involving Your Children, Grandchildren or Other Beneficiaries

5.  You have a child.
6.  You adopt a child.
7.  Your child marries.
8.  Your child divorces.
9.  Your child becomes ill.
10.  One of your beneficiaries experiences an economic change, good or bad.
11.  One of your beneficiaries proves to be financially irresponsible.
12.  One of your beneficiaries has a change in attitude toward you.

Changes in Your Economic Condition

13.  The value of your assets increases or decreases.
14.  Your insurability for life insurance changes.
15.  Your employment changes.
16.  Your business interests change, such as becoming involved in a new partnership or corporation.
17.  You retire from your business or profession.
18.  You acquire property in a different state.
19.  You move to a different state.

Changes to a Person Named in Your Estate Plan

20.  Something happens to a person named in your estate plan, such as the death or incapacity of your personal representative, executor, trustee, guardian or conservator.


Archived Posts

2018
2017
2016
2015
December
November
October
August
July
June
May
April
March
February
January
2014
2013
December
November
October
September
August
June
May
April
March
February
January
2012
December
November
October
September
August
July
June
May
April
March
February
January
2011
December
November
October
September
August
July
June
May
April
March
February
January
2010


From within Hennepin County Unique Estate Law represents clients throughout Minnesota, including Minneapolis, Edina, Bloomington, St. Louis Park, Minnetonka, Plymouth, Wayzata, Maple Grove, St. Paul, and Brooklyn Park.


9.3Chris Tymchuck

© 2018 Unique Estate Law | Disclaimer
3800 American Blvd., Suite 1500, Bloomington, MN 55431
| Phone: 952-358-7400
333 Washington Avenue North, Minneapolis, MN 55401
| Phone: 952-358-7400
5775 Wayzata Blvd., St. Louis Park, MN 55416
| Phone: 952-358-7400

Estate Planning | Probate | Guardianship/Conservatorship | Special Needs Planning | Step Parent Adoptions | Fees | Mediation Services

TwitterLinked-In PersonalLinked-In CompanyBlog RSS

Attorney Website Design by
Amicus Creative


9.3Chris Tymchuck