Because there are ever changing circumstances in our lives, the process is continuous. Just as you maintain your car or have regular physical checkups, it is important to maintain your estate plan to make sure it meets your objectives because objectives may change over time. The following are circumstances that would necessitate a plan review: A birth or death in the family; A divorce; A change in your desire for the distribution of assets; A change in your financial circumstances; A desire to change one of your fiduciaries, such as your personal representative, trustee, or agent under a Durable Power of Attorney; or A change in the tax laws. A review should be initiated under any of the above circumstances. It is advisable to review your plan with your estate planning attorney and other advisors at least annually.
We were very pleased with the level of expertise available at Davis Schilken. It enabled us to feel confident that we were presented all options. The process was efficient and allowed us to complete our estate planning effectively and efficiently.
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