If you get married, divorced, enter into a domestic partnership or end your long-term relationship, you should not wait to change your estate plan to reflect these changes. You do not want your ex-spouse to make important healthcare decisions for you if you are unable to do so.<\/p>\n

Getting married or divorced is also a time to make changes to your life insurance, IRAs and other assets that go to designated beneficiaries.\u00a0 You do not want your new spouse to end up with less than he or she would have received if you had changed the forms to make him or her a beneficiary.<\/p>\n

Becoming a Grandparent<\/strong><\/h2>\n

You may want to ensure that if something should happen to your children that your grandchildren are provided for in your documents.\u00a0 Additionally, you may wish at this time to add gifts to your grandchildren in your documents.<\/p>\n

Losing a Spouse<\/strong><\/h2>\n

Soon after a spouse\u2019s death you may want to revise your living trust and name new beneficiaries for any retirement assets you inherited from a spouse.\u00a0 You also should ensure that your power of attorney and healthcare directive appoints a new family member, friend or someone you trust to take over and act if you are unable to do so as many spouses give each other these powers.<\/p>\n

Bad Health<\/strong><\/h2>\n

The diagnosis of a degenerative disease or terminal illness is a life-altering event.\u00a0 Not only can it provide you comfort to know that your family is taken care of and your wishes are honored, but there may be further long-term care planning options that you wish to consider.\u00a0 It is always easier to make changes to your documents while you have capacity, and you certainly should know your rights when you are facing a long-term care\/nursing home situation.<\/p>\n

Should you wish to discuss any changes or concerns you have about your current estate planning documents, do not hesitate to call the Law Offices of Lisa C. Bryant INC at (408) 402-4064 to schedule your complimentary consultation.<\/p>\n

All materials have been prepared for general information purposes only to permit you to learn more about our firm, our services, and the experience of our attorneys. The information presented is not legal advice, is not to be acted on as such, and may be subject to change without notice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With the ongoing concerns related to Coivd-19, many spouses and individuals have thought their estate planning documents.\u00a0 If you have already done the work to make an estate plan, now may be a good time to revisit it to ensure that you still feel the same way about what you put into your documents several years ago.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1,11],"tags":[],"class_list":["post-1410","post","type-post","status-publish","format-standard","hentry","category-blog-home","category-estate-planning"],"_links":{"self":[{"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/posts\/1410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/comments?post=1410"}],"version-history":[{"count":1,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/posts\/1410\/revisions"}],"predecessor-version":[{"id":2920,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/posts\/1410\/revisions\/2920"}],"wp:attachment":[{"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/media?parent=1410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/categories?post=1410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/tags?post=1410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}