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Article submitted by Mark Eiland, an elder law and estate planning attorney in Mobile.
For more information, he can be reached at 666-4048.
Most estate planning attorneys recommend that you review and, if necessary, update your Will and other estate planning documents when one or more of the following Top 15 "Life Changing Events" events occurs:
- Death of a Spouse
- Divorce
- Birth of a Child or Grandchild
- Divorce of a Child or Grandchild
- Death of a Child, Grandchild or Other Beneficiary
- Substantial Change in your or your spouse's Health
- Substantial Change in your child's, grandchild's or beneficiary's Health
- Material Increase or Decrease in the value of your assets
- Receipt of an inheritance
- Purchase of Life Insurance
- Sale, Gift or Loss of Asset Mentioned in Your Will
- Retirement by you or your spouse
- Death of an Executor, Trustee or Guardian named in your will
- Relocation to another State
- Changes in the Estate Tax laws.
If one or more of these events have occurred since you signed your Last Will & Testament, it is recommended that you contact an estate planning or elder law attorney and arrange for him or her to review your estate plan to ensure that it still accomplishes your desires and wishes.