When Should I Revise My Estate Plan?

There’s no one answer to the question of when you should revise your plan. However, there are a few general circumstances under which you might want to consider when updating your plan. For example, if you’ve experienced a significant life event like getting married, having a child, or buying a home, you may need to change your plan to reflect your new asset distribution. Or, if one of your beneficiaries dies or becomes disabled, you may need to adjust your plan accordingly. Additionally, reviewing your strategic plan periodically with a Professional Document Preparer is an excellent idea to ensure that it still meets your needs and complies with state and federal laws.

What Will My Estate Plan Cost?

When considering such a legacy strategy, one of the first questions is: What will it cost? The answer to this question depends on several factors, including the complexity of your estate, whether you need a will, trust, or both, and whether you use a lawyer or other professional to help you create your plan. Obtaining professional services for something so important is highly recommended

Any estate can be complex, so consulting with an Estate Planner will help ensure that your estate is well planned out and protected for your beneficiaries.

Solutions

Strategic solutions help individuals and families protect their assets and plan for the future. Creating such a plan is the process of preparing for the transfer of one’s assets during one’s lifetime or after death. A strategic Living Trust & Will takes into account the unique circumstances of the individual or family and develops a plan that meets their specific needs and goals.

There are many benefits to having a strategic plan in place. It can help ensure that assets are protected from creditors and predators, minimize taxes, and maximize distributions to loved ones. A good strategy can also help avoid probate, which can be lengthy and expensive.

Individuals and families should work with an experienced professional to develop a strategy that meets their specific needs and goals.

One of the key principles of ALTA Estate Services, LLC’s practical law, as having been a licensed Estate Planning Attorney for many years, is having practiced as a legal document preparer for the leading law firms in the nation before moving to Tucson, Arizona. There, This included handling large estates, Powers of Attorney, Wills, Family Trusts, and Asset Protection for professionals such as doctors and licensed professionals.

Mark is proud of the accomplishments he achieved as an attorney, as well as the help he provided others in need as their estate lawyer over the years. Since retiring from the active practice of law, Mark now assists clients of ALTA Estate Services in all areas of asset protection and unique strategies for families with children with special needs.

What is most important to our team is that we at ALTA Estate Services do not bill as most lawyers or attorneys but rather reduce our billing by reducing our overhead. This way, our clients receive all the benefits of the knowledge and years of experience. We offer a free initial consultation.

ALTA Estate offers a FREE Initial Consultation.

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