When To Review and Revise Your Will: 5 Life-Changing Events
Posted on : June 29, 2017, By: Hildebrand Law
When To Review and Revise Your Will 5 Life Changing Events.
When To Review and Revise Your Will
Estate planning is a necessity for everyone. Regardless of your age, marital status, or financial standings, you should have all the legal paperwork in place to handle your estate in the event of your death. Having this legal paperwork prepared ensures that your wishes are followed and that your loved ones are protected after you are gone.
Once you have created an estate plan, it is important that you revise it on a regular basis. Things change in everyday life that may have an impact on your estate. Five life events occur that should automatically signal that you need to review the terms listed in your estate plans.
Marriage or Divorce: Your marital status will have a significant impact on all of your estate planning. If you have recently married or have recently divorced, it is time to review all of the terms of your estate plan.
Birth or Adoption of a Child: Now that your family has expanded, it is time to make sure the newest member is protected. Adding your new child to your estate plan will ensure they are protected after you have passed away. You may also wish to change your estate documents after a child leaves home or marries.
The Death of a Beneficiary: If anyone you have named as a beneficiary of your estate has passed away, it will be necessary to make revisions. Additionally, if a person is named as executor of the estate or named for any other legal purposes in any of your estate documents and passes away, you will need to create new documents to protect yourself in the future.
Personal Injury Settlement: If you have been awarded a personal injury settlement, it’s necessary to make provisions on how any remaining payments will be distributed from your estate. These agreements are often seen as separate assets and must be addressed in your legal paperwork. Speak with your estate lawyer Sacramento about this matter to see the most logical way to handle this life-changing event.
Inheritance: If you are the beneficiary of property, goods, or other assets, you will need to make provisions for your future on how these assets are further distributed after you pass away.
Jennifer, thank you for being my attorney. I could not have been more pleased with the outcome of my family court hearing. Everything you have done for me throughout this case reflects in the final ruling of the judge. You helped me keep my head together and taught me a lot about myself as a person. I learned so much about my life from observing and listening to you. I will take all the advice you gave me to continue taking responsibility for my choices, continue to put the kids' needs first, and always stay truthful. Your diligence, dedication, and persistence in my case made what seemed impossible, possible. You are a wonderful person and an amazing attorney and I am stronger and more confident because of you.
I just want to again thank the Firm for working with me all that it has. I could not have done anything without everyone's assistance. You, Chris and Stacey have been and continue to provide me with compassion and hard work towards my case. Also a very special thanks to Kip for taking my case in the beginning. Also continued support from him and his dedication to providing me with his expertise in this matter.
After interviewing several law firms, I came across Jennifer Shick, and her firm, who I hired to represent me for my Family Court case. Jennifer has extensive knowledge of the law and is determined to bring the truth to every issue involved within the case. Throughout my case, Jennifer was prepared meticulously as well as went above and beyond all of my expectations. Even when the other party tried to differ from the truth, lie to the Judge, and turn situations around, Jennifer remained attentive and provided substantial evidence to show the judge the facts as well as the proof to support what was the best interests of my children. Additionally, Jennifer helped me endure many difficult experiences, situations and inspired me to remain positive throughout the entirety of my case. Her kindness, compassion, and professionalism helped me through very difficult times and made the process feel a thousand times lighter on my shoulders. She truly has my children and my best interest at heart and I trust her perspective as well as her honesty on each and every aspect of my case. She lessened the burden on my shoulders and even when I felt like the case was not going to go in my favor, Jennifer was open-minded and reassured me that the Judge would, in fact, see the truth, which he did and the case went in my favor. After nine months of court, everything finally came together. I cannot declare how much Jennifer has been an outstanding attorney. She addressed each and every issue with diligence, she cares about her clients and their families. Jennifer genuinely cares about her clients and her dedication to the details of the case was remarkable. Overall, I am extremely pleased with Jennifer’s services and I am truly thankful that I was so blessed to have her represent my children and me. I highly recommend Jennifer as one of the best attorneys in Arizona and if the situation ever arises, I will definitely have her represent my children and me again.
Dear Stacey and Kip, How can I ever thank you enough for helping me through the most difficult time in my life? I couldn't put into words my heartfelt gratefulness. You both were so compassionate and professional at every given moment throughout this process with me. I thank you from the bottom of my heart. You helped me to regain my freedom.
I was a client of Attorney Kevin Park for the dissolution of a divorce in 2016. And since I had never had the need to hire an attorney before for any purpose, I was somewhat apprehensive of the process. But the very calm and professional demeanor of Mr. Park eased my fears. He adeptly answered all my questions and I clearly knew the process and what to expect. And the skilled manner he communicated with opposing counsel was perfect. When it came down to negotiating with my spouse’s counsel, I knew I had selected the best attorney for my situation. What I noticed and appreciated was that he was using just the right amount of pressure with opposing counsel as was necessary. If you find yourself in this situation, you will want a seasoned professional like Mr. Park on your side. I'm very grateful that he was my attorney and not the opposition!
Chris is a smart and aggressive attorney for his clients. Chris always tries to reach a fair settlement of his cases. I’ve represented clients when Chris was the opposing counsel and while he is professional and amicable to work with, he does not back off on what he needs to do for his client
Kevin Park of Hildebrand Law was just what I needed for my divorce. He was very approachable and personable. He was quick to recognize what I needed and provided it quickly and efficiently. I hope to never need a divorce lawyer again, but if I know anyone else who does, I will definitely recommend Kevin.
I feel that Tracey Van Wickler is certainly one of the best family lawyers around. She is logical, intelligent, and truly cares. Tracey always does what is in the clients best interest, does it well, timely and with integrity. She is good at keeping her clients informed as to what is going on and clear in her communication both written and verbally. I have recommended Tracey to other people and will continue to recommend her. I recommended Tracey to someone who was having issues with their ex-wife and his response was, “I know how good she is because I went up against her and she ate me for lunch”. This same person was so impressed with her, he even recommended her to someone else, WOW, that is impressive! I am exceptionally happy with her attention to detail, her ability to explain things in ways that are easy to understand, as well as her ability to keep everyone focused on the most important things. I would recommend Tracey to anyone who may be in need of her services.
If you have a question about estate planning in Arizona, please call to speak to one of our experienced Scottsdale and Phoenix Arizona estate planning attorneys at (480)947-4339.
5 Life Changing Events that should result in a change in will.
Estate planning is more than just designating beneficiaries and distributing assets. It is a legal way to protect yourself if you become incapacitated, establish who will make medical and financial decisions if you become unable, and protect your estate from excessive tax burdens.
Everyone is encouraged to speak with an estate planning lawyer as soon as possible to create the legal documents necessary to protect themselves and their loved ones in the future.
Thanks to our friends and contributors from Yee Law Group for their insight into estate planning practice.