Major life changes can impact your estate plan which is why it’s so important to schedule a regular meeting with your estate planning attorney.
Changes including alterations in your health status, a new job, caring for a special needs child, the birth of a child, a marriage or divorce, the death of a family member, decisions about giving to charity, selling an investment property or a primary residence or entering retirement may all prompt changes in your existing estate planning documents.
If you find yourself in this situation it is strongly recommended that you consult directly with an estate planning attorney to determine the appropriate estate planning housekeeping that you need to do. Some of the most unfortunate estate planning mistakes have to do with not updating your materials after you have gone through a major life change.
Bear in mind that in addition to scheduling a meeting with your estate planning attorney it is strongly recommended that you consult with any and all policies such as your life insurance policy, your IRA and any other information that would include a beneficiary. These companies will determine who receives your property based on who is listed as the beneficiary and this is why it is so important to keep these materials up to date as your life circumstances change.
Talk to your Georgia estate planning lawyer to ensure that your current documents reflect your needs.