Contact:
Alison Arden Besunder
212-695-8100, ext. 289
abesunder@goetzfitz.com
How Often Should I Change or Revise My Estate Planning Documents?
You don’t necessarily need to revise your documents when you change your phone number or move your residence, but you should review your documents every year.
Tax season is a good time to pull them out and review them to make sure that they still meet your circumstances.
Now that your children are older, is the chosen guardian still the person you want to serve?
Has your asset structure changed?
Have you moved to another state?
Is it time to think about the next step in building an estate plan, like implementing a trust?
Or, has some other life-changing event occurred, like a death, illness, divorce or re-marriage for you or another member of your family?
Even if you don’t review your documents every year, a life-changing event is a time when you should take out the documents to make sure they still fit your needs, or whether changes are required. It can help to meet with your lawyer for an hour or so to start the discussion.
Goetz Fitzpatrick LLP has been offering clients insightful solutions throughout the New York Metropolitan area since 1967. The firm provides its clients with expertise in the areas of Construction and Real Estate, Trusts & Estates Administration & Litigation, Commercial Litigation, Corporate, Bankruptcy, and Labor & Employment. The firm’s office is located at One Penn Plaza, Suite 3100, New York, NY 10119, Telephone 212 695 8100, info@goetzfitz.com, www.goetzfitz.com. You can learn more about Goetz Fitzpatrick on: LinkedIn | X (Twitter) | Soundcloud | YouTube | Facebook | Instagram
