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When Should I Have My Estate Planning Documents Updated or Reviewed?

Whenever I meet with someone for the first time either in our Marietta office, I will typically ask, "What has prompted you to get your affairs in order?" I find most of the time there is something that has them concerned.

Because of this, I've realized there are two instances where you should have your estate planning documents reviewed or updated. The first is when there is a change in your family circumstances. The second is when there has been a change in the law.

Perhaps you've had an addition to the family, such as a new daughter or a new grandson. Perhaps you've lost someone in the family. Perhaps you've moved. Perhaps those you've designated as agents in a power-of-attorney are no longer that close to you. Perhaps you're concerned with an over-controlling daughter-in-law or a not-quite-perfect son-in-law. These are just a few of the family circumstances which may warrant having your estate planning documents updated or reviewed.

As an example, a few years ago, the U.S. Supreme Court issued a ruling in Obergefell v. Hodges declaring that state bans on same-sex marriage are unconstitutional. Before this, estate planning lawyers had to be creative to help same-sex couples with their estate planning. Now, with the options wide open, same-sex couples should revisit their estate plans and have them updated.

Perhaps there has been a change in your family circumstances or you feel that it's been too long since your last update or review of your estate planning documents. If you'd like to discuss these issues and have your plan set up the right way, the first time, call us at (678) 809-4922.

John P. Farrell, Esq.

Mr. Farrell is the author of Estate Planning for the Modern Family: A Georgian's Guide to Wills, Trusts, and Powers of Attorney. You can learn about his book here and learn more about John here. Join the more than 1,500 people who subscribe to his Newsletter here. Feel free to send John a message here.

At the Farrell Law Firm, PC, we represent Georgia residents in Marietta, Kennesaw, Acworth, Atlanta, Smyrna, Vinings, Mableton, Austell, Powder Springs, Clarkdale, Ball Ground, Canton, Holly Springs, Lebanon, Cartersville, Calhoun, Waleska, Woodstock, Alpharetta, Fairburn, Palmetto, Red Oak, Roswell, Dallas, Hiram, Dunwoody, Lawrenceville, Norcross, Cumming, Cobb County, Cherokee County, Bartow County, Fulton County, Douglas County, Gwinnett County, and Paulding County.