If you have taken the time to create an estate plan, you probably think you are good to go with no reason to look at it again. The simple truth of the matter is this: estate plans often need updating. Failing to ensure an estate plan is up to date could mean it will end up sitting in a Washington probate court for some time after you die.
Why might an estate plan need to be updated? If you created your estate plan at a time in your life when you were still acquiring assets and adding to your family, depending on how you worded your legal documents, they may prove insufficient for your needs. If you created your estate plan while married but then you got a divorce, you may need to change your beneficiaries and advance directives, or your former spouse could end up having a say in things you do not want him or her to have a say in.
The point is, life happens. Personal situations change. This means that estate plans need to be reviewed to make sure they fit with your life now.
It would be nice if an estate plan was a one-and-done thing, but for most people, whether they reside in Washington or elsewhere, it is just not. Do not put off reviewing your estate plan and making any necessary adjustments. You never know when incapacitation or death will strike. You can protect yourself and your family members by taking the time to review and make adjustments to your plan with the assistance of an experienced probate law attorney. To learn more, please visit our firm’s website.