Take Time to Review Your Colorado Estate Plan
If you have already established your estate plan, it’s vital that you take time to review your Colorado estate plan to be confident it stays current. Estate plans become out of date as your life and laws change. If you want your plan to provide you with the most protection, you must review your Colorado estate plan and make changes as necessary. Here are several reasons why taking the time to review your plan is vital.
Review your Colorado estate plan because time marches on.
Review your Colorado estate plan because the laws change.
Review your Colorado estate plan because families can change too.
Changing families need changes to your plan. Whether you go through a divorce, begin a new marriage, have grandchildren, or go through any similar change in family circumstances, reviewing and updating your estate plan is always a good idea. Though you may not need to make any changes at all, you should understand your new family circumstances will affect your estate plan.
Hammond Law Group recommends updating your estate plan every 3 years.
When our clients sign their estate planning documents, we recommend they schedule a review consultation every three years. This is a meeting with an attorney to review any life changes to make sure your plan is up to date. We offer our clients a complimentary three year review where one of our attorneys looks over the plan to see if anything needs to be changed. If you have a plan from another state or attorney, we would be happy to review it with you. We want your plan to work for you and your loved ones no matter what changes happen in life. For more information on updating your estate plan, contact our office. We will be happy to answer your questions.
updated 12/20/2022 – bvw