Updating an Estate Plan in Cranberry Township

Nothing in life stays the same. From early adulthood, people are encouraged to think about their estate plan, which is necessary to protect loved ones at the end of their lives. With this in mind, our talented estate planning attorneys want you to understand when you should consider updating an estate plan in Cranberry Township. Taking care of it routinely may make all the difference for your family.

Why Estate Plans Matter?

No one wants to think about what happens when they die or become too physically impaired to communicate their wishes to their family. However, the idea is that planning before the unthinkable happens will help you relay your wants while you can still do it. This allows you to determine:

  • How you want your assets distributed
  • Who will take care of your children
  • Your end-of-life care wishes (life support)
  • Who will benefit from your financial accounts or life insurance policies
  • Who you want to handle your financial power of attorney if you are unable to

In short, you can have everything mapped out while still having a sound mind and body, which will alleviate stress on your family.

Why Updating an Estate Plan Is Necessary?

We can expect significant shifts in our work, living situation, and more throughout life. Your assets and loved ones will likely change from when you are just starting to the end of your life.

In Cranberry Township, keeping your estate plan updated will ensure you do not miss essential decisions and the people that matter. Updating your plan allows you to change things in the event of:

  • You are now married or divorced
  • You’ve had a new baby or grandbaby
  • You have moved to or from another state
  • You have gained new assets or changed homes
  • Your trustees or executors are no longer good options for carrying out your final wishes

All major life events usually require a quick check and possible update to your estate plan. However, even if you do not have a significant life-changing event, reviewing and updating your estate plan regularly may still be a good choice.

How Often Should an Estate Plan Update Occur?

There is no fixed schedule for updating an estate plan in Cranberry Township, but periodic reviews are important. Reviewing your plan every two to three years helps ensure it still reflects your goals and any life changes. A legal team familiar with estate planning and evolving laws can assist with a more comprehensive review every five to six years.

Contact Sechler Law Firm in Cranberry Township to Discuss Updating Your Estate Plan

At Sechler Law Firm, we specialize in estate plans and other aspects of elder law. Whether we helped you create your original estate plan or not, we can help you develop codicils, amend your existing will, or create a new estate plan to cover everything that has changed at one time. We can even help you stay current on any changes in legal requirements that may affect your final wishes.

Please contact us today if you need help updating an estate plan in Cranberry Township, or come to an elder law workshop. We are happy to help.