Creating an estate plan for your heirs is necessary for your assets to escape probate. It enables you to put your assets into the hands of those you want to receive them. Failing to update your estate plan could cause significant damage and may thwart your desire to give your assets to your chosen beneficiaries.
An estate plan is only as good as it can meet the conditions of a particular stage in your life. Since life often has many changes, chances are that your estate planning could use some revising from time to time. After all, when family or relatives are born or die, children disappoint, and marriages and divorces occur, your plans may need updating….