By now, hopefully I have convinced you that you need a Will, Financial Power of Attorney, Health Care Power of Attorney, and that you need to consult with an attorney that focuses on estate planning in order to prepare these documents.
But my job is not done. Having all of these documents prepared is only half the battle. Making sure these documents are kept up to date, is the rest. These documents are not once and done. You should be reviewing these documents every few years and every time there is a major life change.
When someone in your family gets married or divorced you should review the documents. When a new family member is born or a family member dies, you should review the documents. When you start a new job or retire, you should review the documents. Often times, reviewing the documents may not mean changing the documents. If the documents still reflect your wishes, you probably don’t need to change them. Continue Reading Myth #10- Once and Done!