WHEN SHOULD YOU UPDATE A WILL OR TRUST?
Have you waited too many years to update your will or trust? How do you know if you have waited too long to update your will or your trust? These are the changes that should make you think about updating your will or trust:
1. A death of a spouse, child or other beneficiary of your will/trust;
2. A birth in the family;
3. Before a divorce Petition is filed, and After a divorce judgment is final; A will can be updated at any time, but a trust has restrictions on changes when a divorce is initiated;
4. A marriage in the family;
5. A child has reached the age majority (18);
6. Adoption of a child or grandchild.
1. A substantial increase in the size of your estate (i.e. an inheritance);
2. A substantial decrease in the size of you estate;
3. Gifts of over $14,000 to any person;
4. Lawsuits and/or Judgments against you;
5. Depletion of a specific gift you had previously left in your will/trust;
6. A change in financial responsibility of a child or grandchild;
7. Acquisition/disposition of a business partnership or corporation.
1. A serious illness or deterioration of health of either spouse;
2. A serious illness of a child or grandchild who is a beneficiaryof your will/trust;
3. Disability of a child or beneficiary.
1. Death or health change of an executor / trustee/ or agent under a power of attorney;
2. A change in your relationship with your executor or trustee;
3. If you have not reviewed your will or trust since 1986 for changes in the tax rules.
4. An expiration of your old Power of Attorney documents (pre-1992 documents generally expired in 7 years from signing.
5. A change in your business partner's marital status, or health.
Why hire us?
Mina Sirkin is a nationally recognized probate attorney, specializing in wills and trust, and has served as a media expert to CNN, MSNBC, Inside Edition, NPR and KTLA regarding probate and estate matters. She is Certified as a Specialist by the Board of Legal Specialization of the State Bar of California, in Probate, Estate Planning and Trust Law. Mina Sirkin is rated 10/10 on Avvo. Sirkin Law Group's Los Angeles office can assist you and your loved ones. Call: 818.340.4479.
We serve all of the San Fernando Valley, Los Angeles, and parts of Ventura County. Los Angeles, Calabasas, Woodland Hills, Westlake Village, Beverly Hills, Canoga Park, Reseda, Tarzana, Northridge, Chatsworth, Granada Hills, West Hills, Van Nuys, North Hollywood, West Hollywood, Venice, Santa Monica, Marina Del Rey, Pasadena, Glendale, Burbank, San Marino, Eagle Rock, Altadena, Alhambra, Malibu, Beverly Hills, Playa Vista, Playa Del Rey Manhattan Beach, Pacific Palisades, Redondo Beach and Culver City.
LOS ANGELES PROBATE
PROBATE SPECIALIST ATTORNEY
Probate Attorney Los Angeles
Copyright © 2005-2015 Mina Sirkin. All rights reserved.
Probate Attorney Los Angeles, Probate Litigation, Trust Litigation, Conservatorship Litigation, Estate Litigation, Estate Planning Los Angeles
21550 Oxnard St 300 Woodland Hills CA 91367 US +1.8183404479 email@example.com
California Attorney Offices in Glendale, Pasadena, West Los Angeles, Woodland Hills, Irvine
1+818.340.4479 SirkinLaw.com (TM)