Having an Estate Plan in Utah is Vital

1. As Soon As Possible

Most people think that you only need an estate plan if you are wealthy. But, that’s not true.

Estate planning, at its most basic, is a road map for your loved ones to follow when managing your affairs on your behalf. It includes how you want your property administered as well what healthcare decisions you want to be made on your behalf.

The time to get your estate planning is now, before you are unable to make these important decisions due to death or disability.  With an estate plan in place, You’ve already made all the difficult decisions in advance.  You can rest assured that your loved ones can manage your affairs for you.

2. Major Life Changes

Once you have your estate plan, it is important to review it when major life changes occur. These life changes can affect the way you need to manage your affairs.

For example, marriage and the birth of a child changes the way you want your property managed and administered. Purchasing a home and obtaining retirement benefits also changes the way you manage your.

However, just because these changes occur, doesn’t necessarily mean you have to start your estate planning over from scratch. A lawyer can help you amend your estate plan to factor in these changes.

3. Review Every 5 Years

Even if there hasn’t been any major life changes, it’s good to review your estate plan every 5 years.  Laws can change suddenly, requiring changes to your will.  It’s best to have an attorney look over your estate plan and find anything that needs updating.  Having your attorney review your estate plan can help you avoid problems that arise when the estate planning documents aren’t recent.

Let Me Help You

As an experienced attorney, I have the skills and knowledge to help you with all your estate planning needs.  If you’d like to me look over your plan and help you make changes, get in touch.