Update Your Estate Plan: Factors That Should be Changed Regularly – Part 2

In a previous blog, we mentioned several reasons you may need to update your estate plan. However, there are other instances where you would want to take a second look at your will, trusts, and other estate planning documents. We want to share a few of those with you and how our lawyers in McAllen can help.

If You Opened a Savings Account

Most people think that the only financial accounts they need to include in their will are their retirement savings. This is not always the case. Consider detailing who should receive any funds left in a savings account or a checking account.

If You Bought New Property

Much like your savings account, you also need to decide who will receive any land you purchase. This is important if you still owe money on your property or land.

If You Inherited Assets

An inheritance can impact you or your loved one’s life. Doing so, can speed up how long your estate is examined in a probate court and can allow beneficiaries to receive their inheritances sooner.

If You Travel Frequently

If you travel frequently, you may want to review your estate plan with one of our McAllen lawyers. Doing so can lessen the time your estate is examined in a probate court allow beneficiaries to receive their inheritances quicker.

Request a Free Consultation with our Lawyers in McAllen

If you’re ready to create an estate plan or make some much-needed changes, our estate planning lawyers can help. Send us a message online or call (956) 686-6606 to speak with our lawyers about your estate law plan. Request a free consultation today!

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>