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Four Situations in Which You Need to Update Your Estate Plan
By Wendy Hill ElDeiry, Esq.
Mo N. ElDeiry
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ATTORNEY AT LAW
As we all know, the situations in our lives are constantly Wendy Hill ElDeiry changing and developing. The future you imagined ATTORNEY AT LAW for yourself five years ago is likely not the same as the WILLS • TRUSTS present you are living in or the future you are anticipating today. That’s definitely not a bad thing — it’s just the nature of ESTATE PLANNING life! However, the ever-evolving nature of things does mean PROBATE ADMINISTRATION that it’s important to keep your estate plan updated to fit with your present intentions. Read below to learn about four situations in which you really need to review and update your Celebrating (954) 670-2800 estate plan. Convenient in-your-home appointments available in Weston 1. It has been 3 or more years since you last reviewed your estate plan with your attorney.Years of ServiceElDeiry & ElDeiry, P.A. 480 Sawgrass Corporate Parkway, Suite 110 As a general rule, you should never let more than three Sunrise, Florida 33325 years pass without reviewing your estate plan. In our experience, we have found that this is what it takes for you to be able to rest assured that you always have a plan in place that is Proud Weston Residents Since 1998 (Near IKEA on NW 136 Avenue) www.eldeirylaw.com relevant to your current needs and desires 2. A new child, grandchild, or other descendent has been born.
When your family grows, estate planning probably isn’t the first thing on your mind. However, a new descendent is likely someone you would want to name as a benefactor. If you want to be able to provide support to this child after you pass away, this will need to be addressed in your estate plan. Time for an update! 3. You get married.
Mo N. ElDeiry
ATTORNEY AT LAW Wendy Hill ElDeiry
ATTORNEY AT LAW
WILLS • TRUSTS ESTATE PLANNING PROBATE ADMINISTRATION
Marriage is a beautiful declaration of love. Keep in mind that it is also an economic choice. As you tie your lives together in matrimony, you also link your finances. If either you or your future spouse have children from a previous relationship, you should definitely meet with an Estate planning attorney before you get married. 4. A loved one passes away.
(954) 670-2800
480 Sawgrass Corporate Parkway, Suite 110 Sunrise, Florida 33325 (Near IKEA on NW 136 Avenue) www.eldeirylaw.com
When you face the heartbreak of losing someone you hold dear, it can be difficult to think about anything else. However, if they were set to inherit any property from you after your own death, or if they were otherwise involved in your estate plan, their death means that you will need to review and update it.
If you find yourself in any of these situations, or if you don’t have an estate plan in place, you need to contact an experienced estate planning attorney. The ElDeiry & ElDeiry team is here to help. Give us a call at (954) 670-2800.
⊲ The law firm of ElDeiry & ElDeiry, P.A. is located at 480 Sawgrass
Corporate Parkway, Suite 110, Sunrise. . Call 954-670-2800 or visit www.eldeirylaw.com to make an appointment for a consultation today.
