How long does your estate plan last?

When is it a good time to meet with your lawyer to go over and change your estate plan?

Answering this question depends on your goals and when in your life you have prepared your estate plan. For instance, if you are married and in your thirties and your goal is to provide for your two children if something happens to you, a good time to review your plan would be when the children are adults. At that time, your primary goal would probably be to provide for you and your family as you age, possibly protect your assets against the costs of long term care, set up folks to assist you if you become physically or mentally disabled, and provide a plan for distribution of your assets after you pass away.

As a general rule, you should meet with your lawyer to go over and change your estate plan, when your life changes. Here are a few situations:

• The birth of your children;
• When kids get married;
• Divorce;
• Death of a spouse;
• A diagnosis of a serious illness;
• A diagnosis of dementia; or
• When you retire;

If you have any questions, contact Guy DiMartino Law, to set up an appointment.