New Year – New Estate Planning Documents

The New Year is a great time for Phoenix estate planning updates and to give your estate documents a checkup to make sure that you have everything you need. You might need to include new documents in your estate plan or update your current documents with any life changes that have happened to you over the past year.

Don’t put off your Phoenix estate planning if you need to make updates; although it might not be at the top of your New Year to-do list it is important to ensure that your documents are updated and accurate.

Make sure that you have the essential Phoenix estate planning documents

As a first step for your Phoenix estate planning in the New Year, you should make sure that you have all of the essential estate planning documents first. The “essential” documents can vary greatly from one person to another, but they usually include your will, medical and financial power of attorney, advanced health care directive, and trusts for your assets. If you are lacking any of these documents you will definitely want to include them as a part of your Phoenix estate planning process.

Make updates to your current documents

If you already have the fundamental estate documents you should make updates to those documents that reflect your major life changes. Examples of major life changes include birth, death, marriage and divorce, adoption, changes in your relationships with others, illnesses, moving to a new state, the purchase or sale of major assets, and other assets like insurance plans that may have been added or sold from your estate during the past year.

If you aren’t sure what to do, consult a Phoenix estate planning professional

Your Phoenix estate planning documents should accurately represent the current status of your estate. If you aren’t sure exactly how they should be updated you should speak with a Phoenix estate planning professional who can advise you. Estate planning can be quite complicated and there are a lot of questions that can come up, so don’t hesitate to ask a Phoenix estate planning professional for help.

Need Help?

If you are not sure as to what legal document you currently have contact one of our professionals to help you with your planning needs. They will make sure you have all of your grounds covered and have the right legal documents that best suite your wants and needs.