It was Bob Dylan who wrote the song “The Times they are a-changin’,” and that is no less true in the world of estate planning. How? Life goes on, families change, people are born, people pass away, and our goals, wishes, and values may change to. Yet, many families don’t update their will, trust and other estate planning documents to match with the new realities of their lives.
This recent USA Today article talks about the importance of updating wills, and even moreso the importance of having an estate plan to begin with. It’s a really quick read, so I won’t recap it here. I will, however, suggest that you also read my previous blog post on the topic because it reveals a “real life” story about why updating your planning is critically important.
Give us a call at 616-827-7596 to make sure your family’s plan works how you want . . . or if you still need to put a plan in place for your family.
Michael Lichterman is an estate planning and charitable planning attorney who helps families and business owners create a lasting legacy by planning for their Whole Family Wealth™. This goes beyond merely planning for “stuff” – it’s about who your are and what’s important to you. He focuses on estate, charitable, and asset protection planning for all generations (“young” and “experienced”), the “sandwich generation” (caring for parents and children), doctors/physicians, nurses, lawyers, dentists, professionals with minor children, family owned businesses, and pet planning. He enjoys creating life long relationships with his clients centered on their families values, insights, stories and experiences.