Is it time to stress test your estate plan?

If you have a properly executed will or trust in place, good for you! You’ve taken a great step toward protecting your assets for future generations. But, establishing an estate plan is only the first step. You still need to make sure that your plan will stay rock solid by keeping it up to date.

With each life change you will need to adjust your estate plan accordingly. If you experience changes to your career, health, residence, family or even tax status, your estate plan can be derailed. In some cases, a change could create new opportunities that can help you increase your net worth.

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Top Fears that Encino Elder and Estate Planning Lawyers Face with their Clients

asset protection

When clients come to see an Encino estate planning or Elder Law lawyer, they generally have multiple goals in mind. Interestingly, they don’t always realize this fact, thinking that they “just” need to put together a will that stipulates who gets what after they have passed away. While this is obviously a very important part of what estate planning lawyers do, it’s not a comprehensive view.

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