Top Estate Planning Mistake #8: Not Updating Your Estate Plan
Going to have an attorney create an estate plan for you and your family can be hard. There are psychological barriers, financial barriers, time constraint barriers, and leg work barriers. Looking at all the things that make it difficult to go from “I really need to get an estate plan in place” to “Look at my shiny new estate plan” I understand why I talk to so many responsible people who have never found the time or motivation to come and talk to me about their estate planning needs. That being said, I will likely never understand who folks who have succeeded in the original process, fail in the upkeep tasks to ensure that the plan they have created and paid for does what they need it to do.
I can’t tell you how many times I have a conversation where I relay that I am an estate planning attorney, and the other person tells me, “I am so glad I had my estate plan done, it’s such a relief knowing that those things are taken care of”. I hear those words and I am instantly overtaken with conflict. On the one hand, I want to tell them that they have […]