Menu
Simpson Estate and Elder Law
  • Home
  • Our Services
  • Videos
  • Articles
  • Directions
  • Contact

417-256-1968

naela

Close Menu
Estate Planning
October 30 2019

Why Estate Planning?

There are two widespread errors in estate planning. One error is not to have a will or other key elements of a plan. The other error is to fail to update the will and estate plan. This article isn’t for those who still haven’t established at least a basic estate plan. But if you have an estate plan, your work isn’t done. Estate plans need to be reviewed and revised from time to time.

The time to revise an estate plan varies. If your estate plan is three or more years old, you and your estate planner should review it. Of course, if there’s a change in the tax law or other laws that govern your estate (such as powers of attorney or advance medical directives) it’s time to have the plan reviewed.

In addition, an estate plan should be reviewed when specific events occur in your life. These events or changes in circumstances often create a need to update the plan. Here’s my list of the most likely events that should cause you to contact your estate planner.

Planning for a Child with Special Needs Special Ownership for Married Couples: Tenancy by the Entirety

Related Posts

Articles

Medicare Advantage Plans Often Wrongly Deny Necessary Care, Study Finds

Articles

Medicaid’s “Snapshot” Date and Its Crucial Impact on a Couple’s Financial Picture

Articles

Medicare's Controversial Direct Contracting Program Hits Biden Administration's Radar

Recent Posts

  • Medicare Advantage Plans Often Wrongly Deny Necessary Care, Study Finds
  • Medicaid’s “Snapshot” Date and Its Crucial Impact on a Couple’s Financial Picture
  • Medicare's Controversial Direct Contracting Program Hits Biden Administration's Radar
  • When a Social Security Recipient Dies, Survivors May Be Eligible for Benefits
  • Court Rules Medicare Beneficiaries Can Appeal Switch to Hospital Observation Status

Archives

  • May 2022
  • March 2022
  • February 2022
  • January 2022
  • November 2021
  • October 2021
  • July 2021
  • May 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • January 2019
Back To Top

facebook

Contact

417-256-1968

844-273-2923 fax

Address

303 Aid Avenue
West Plains, MO 65775, USA

© Simpson Estate and Elder Law - A web solution by CHVentures     Login