Call Today for a Consultation
Toll Free: 800-495-9153
Local: 321-426-1848

Estate plans require regular review

Many people in Florida have dedicated time and thought to thinking about the future of their estate after death. From developing a will to thinking about trusts and other instruments to help pass along property, estate planning is an important part of caring for the future of one's family. However, due to changes in the law as well as changes in one's own life and family, it is important to regularly review and update these documents.

When estate planning documents are left for years in storage or without review, problems can crop up that significantly affect the distribution of assets later on. There are a few key issues to look out for when reviewing and updating an estate plan. Several key documents in any estate plan include a will, a financial power of attorney and an advanced medical directive. Reviewing these every 10 years with an attorney can help to keep them current.

In some cases, people wish to add new beneficiaries to their estates; the birth of grandchildren or additional children is a common reason. In other cases, people may wish to remove beneficiaries after other changes in life. Minors can be added as beneficiaries, but there may be a need to pass assets in trust rather than an outright gift. The executor of the will should also be regularly refreshed; if a deceased or unavailable person is named, it will be up to the probate court to appoint a replacement.

There are a number of reasons to keep estate planning documents updated. As tax laws and estate tax exemptions change, there could be significant differences in how one chooses to deal with their estate. When reviewing one's estate documents, working with an estate planning lawyer may help people to ensure that their wills, trusts and other documents meet current guidelines for best practices.

No Comments

Leave a comment
Comment Information

Consult Our Florida Lawyer for Veterans Aid & Attendance

Feel free to contact us and schedule an initial consultation where we can review your circumstances in an intimate setting and discuss how our Brevard County Elder lawyer can help you. Simply call Amy B. Van Fossen, P.A., locally at 321-426-1848 or toll free at 800-495-9153. We look forward to meeting you.

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Visit Our Office

Law Office of Amy B. Van Fossen, P.A.
1696 West Hibiscus Blvd
Suite A
Melbourne, FL 32901

Toll Free: 800-495-9153
Phone: 321-426-1848
Fax: 321-345-5417
Map & Directions

Review Us

We accept

VISA | MasterCard | American Express | Discover Network