• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Before Header

Call us today!  (802) 442-9800

  • Facebook
  • Instagram
  • Twitter
  • YouTube

William C. Deveneau, Esq. PLC

  • About us
    • Bennington, Vermont Office
    • Careers
  • Our Team
  • Practice Areas
    • Estate Planning
    • Elder Law
    • Trusts
    • Probate and Estate Administration
    • Special Needs Planning
    • Tax
    • Non-Profits and Exempt Organizations
    • Business Law
    • Probate, Estate, and Trust Litigation
  • Blog
  • News & Events
  • Contact us
  • Client Portal

Mobile Menu

  • About us
    • Bennington, Vermont Office
    • Careers
  • Our Team
  • Practice Areas
    • Estate Planning
    • Elder Law
    • Trusts
    • Probate and Estate Administration
    • Special Needs Planning
    • Tax
    • Non-Profits and Exempt Organizations
    • Business Law
    • Probate, Estate, and Trust Litigation
  • Blog
  • News & Events
  • Contact us
  • Client Portal

Schedule A Free Consultation Now!

Get a 30 minute strategy session with us today.

(802) 442-9800

Estate Plans need to be Reviewed Periodically

September 6, 2019 //  by william

Today I’m going to talk about when you should be reviewing your estate planning documents, and your estate plan in general. Estate planning is not a set it and forget it thing, you need to review it periodically. Best case scenario, you review it each year, but hopefully you review it at least each three years, or at a major life event. Think of it like your investment portfolio. You wouldn’t pick a bunch of stocks and meet with a financial advisor once, and never look at your retirement plan again, because as your life changes, you need to change your investment mix. That’s just the way it works.

With estate planning, whatever you set up maybe when you’re 25 or 30 years old, is most likely going to be a lot different than when you’re 35, 40, 45, 40, and as you get later in life, your estate plan might change. You might need to look at it more frequently, because it may change more frequently, with things like Medicaid, health issues, retirement needs. But in any event, you should be looking at your estate plan or renewing it at least at every major life event. This can be a marriage, a divorce, a birth, a child with educational funding needs, you received a large inheritance, your financial picture has changed massively through more borrowing or more money, many of your assets may have went up or down in value, you may have just canceled life insurance, or just got more life insurance.

All of these things are reasons for you to sit down and look at your estate plan, and make sure it still meets your wishes. It could. It often doesn’t need to be changed that often, but you need to be checking it to make sure, because you don’t want to have something happen, and then have your wishes not get fulfilled, or create a total headache for your beneficiaries and your heirs.

If you have questions about this or any other estate planning topic, you can reach out to me by calling my office or by scheduling a consultation online.

William C. Deveneau is an attorney practicing in Southern Vermont, including Bennington and Manchester, and New York, including Albany, Colonie, Hoosick Falls, and Troy.

Category: Estate PlanningTag: Estate Planning

Previous Post: « Do I have to take what I’m given in a will?
Next Post: What are the duties of an Executor What are the duties of an Executor»

Primary Sidebar

Free Consultation!

Have you decided that you would like to talk more? Want to talk but aren't sure?

Call us at (802) 442-9800 to schedule a consultation or use the button below.

SCHEDULE NOW

RECENT POSTS

What are the duties of an Executor

What are the duties of an Executor

This article or post will describe the duties of an executor. The executor is the person that you appoint to execute all your wishes in your last will and testament. The first thing the executor does is, he or she takes your will and presents it to the probate court in the form of a …

Estate Plans need to be Reviewed Periodically

Today I’m going to talk about when you should be reviewing your estate planning documents, and your estate plan in general. Estate planning is not a set it and forget it thing, you need to review it periodically. Best case scenario, you review it each year, but hopefully you review it at least each three …

Do I have to take what I’m given in a will?

Today I’m going to talk about what to do when a will gives you something you really don’t want, for one reason or another. If a will gives you something you don’t want, you can simply disclaim it and say you don’t want it. Then you don’t get it. The will can’t force you to …

Estate Planning around Addictions

Today we’re going to talk about estate planning when you have a family member or a beneficiary with an addiction issue. These addictions can be from what we commonly think of drugs, alcohol, gambling, or even just spending. There are two main ways that you can deal with these addiction problems. First, you can just …

Divorce can mess up your Estate Plan

Today I’m going to talk about how divorce can cause big problems for your estate plan. You might be thinking, “I finally got the final order from the court. I’m free of this person. I can move on. The divorce is final.” You can move on, but before you do that, you need to think …

Categories

  • Elder Law
  • Estate Planning
  • Estates
  • Probate
  • Probate Litigation
  • Real Estate
  • Special Needs Planning
  • Trusts

Footer

Vermont Office

William C. Deveneau, Esq. PLC

160 Benmont Ave. Ste C3-80A
Bennington, Vermont 05201

Tel (802) 442-9800

New York Office

William C. Deveneau, Esq. PLC

125 Wolf Road, Suite 503-3
Albany, New York 12205

Tel (844) 440-9800

Massachusetts

William C. Deveneau, Esq. PLC

312 Main Street, Rear
Athol, Massachusetts 01331

Tel (844) 440-9800

Practice Areas

  • Estate Planning
  • Elder Law
  • Probate and Estate Administration
  • Special Needs Planning
  • Trusts
  • Tax
  • Non-Profits and Exempt Organizations
  • Business Law
  • Probate, Estate, and Trust Litigation

Copyright © 2023 ยท William C. Deveneau, Esq. PLC
May be Considered Attorney Advertising in Some Jurisdictions
Privacy Statement - Disclaimer