Don't Procrastinate When Updates Become Necessary
Procrastination is a big problem when it comes to estate planning, and truth be told making final
arrangements is indeed a unique endeavor.
Passing away is without question the last thing on your list of things to do. It's easy to put estate
planning on the back burner because it can seem like you will always have time to take care of it later.
This is true when it comes to putting an initial estate plan in place; in fact, more than half of
Americans have not executed the necessary estate planning documents. The percentage is especially
high among people under 50.
But even those who have an estate plan in place are often prone to procrastination when updates
become necessary. Life events that many people experience such as marriage, divorce, and remarriage
may render your existing estate plan obsolete.
Another thing to take into consideration is a significant change in your financial standing. The value of
your estate may enter taxable territory at some point in time while your existing estate plan was
constructed before you were exposed. Changes in the tax code can suddenly make you vulnerable as
The best way to approach the matter is to recognize that estate planning is an ongoing process. If you
develop a solid working relationship with a highly qualified Cupertino CA estate planning lawyer, he or
she will gain an understanding of your situation and always be prepared to update your plan to reflect
changes in your life.
Experienced estate planning attorneys Campbell CA of the Law Office of Roy W. Litherland offers
estate planning and business planning resources to residents of Campbell CA. To learn more about
these free resources, please visit www.attorneyoffice.com/ today.