When to Update Your Estate Plan

We are continuing our series of articles discussing some of the circumstances that warrant a review and update of your estate plan. Our Florida estate planning attorneys recommend reviewing your estate plan at least once a year; however, if an extenuating circumstance occurs or your situation changes, you need to contact your estate planning attorney as soon as possible.

Our previous articles recommended having your estate planning attorney review your existing estate plan if you just moved to Florida, got married or divorced, and a beneficiary named on your estate plan passes away. Today, we will look at more circumstances that warrant a review of your estate plan.

A New Inheritance or Large Sum of Money

Inherit a large sum of money? Win the lottery? Make money off of a lucrative real estate transaction? If you gain an notable sum of money, then you need to schedule time to discuss this with your Florida estate planning attorney.

Real Estate Purchase

If you purchase any type of new property, land, home, commercial building, etc. then you need to contact your estate planning attorney as soon as possible after closing on the deal. Your estate plan will need to be revised to include this property so it does not end up going into probate should you pass away.

Our next article will cover more reasons to contact your Florida estate planning attorney to review your estate plan.

Pittman Law Office is a premier provider of legal services serving The Villages area. Our Florida estate planning attorneys and probate attorneys look forward to providing  you with compassionate and qualified consul. Give your friends at Pittman Law Office a call to schedule a consultation today.