[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/keep-you-estate-plan-current-with-your-life-new-york-ny-white-plains-ny\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/keep-you-estate-plan-current-with-your-life-new-york-ny-white-plains-ny\/","headline":"Keep You Estate Plan Current with Your Life","name":"Keep You Estate Plan Current with Your Life","description":"So, just what is going on with your life, the kids, your health, their health, their future plans? Don\u2019t just ask for the proper documents to create an estate plan. Make sure that your attorney knows what is actually going on in your life, according to the Citizen Times in “Expert advice: 6 financial decisions […]","datePublished":"2018-11-07","dateModified":"2024-04-03","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b022ad3781057.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b022ad3781057.jpg","height":600,"width":900},"url":"https:\/\/www.amorusolaw.com\/blog\/keep-you-estate-plan-current-with-your-life-new-york-ny-white-plains-ny\/","about":["Advance Directives","Beneficiary","Divorce","Estate Planning","Health Care Proxy","Power of Attorney \/ POA"],"wordCount":480,"keywords":["Advance Directives Health Care Proxy","Beneficiary","Divorce","Estate Planning","Power of Attorney"],"articleBody":"So, just what is going on with your life, the kids, your health, their health, their future plans?Don\u2019t just ask for the proper documents to create an estate plan. Make sure that your attorney knows what is actually going on in your life, according to the Citizen Times in “Expert advice: 6 financial decisions to make now for your future“.Here are some key points that may be helpful:Estate Planning. One couple announced to their estate planning attorney that they had updated their wills\u2014and when asked, said they had done it back when the husband\u2019s father was alive. That was almost 30 years ago. Every four or five years, or whenever there is a large change to the tax laws, it\u2019s time for a review.Another person had her mother listed as her beneficiary. They\u2019re together almost all the time. What if they both die together? What happens then? A skilled estate planning attorney will ask these delicate questions to make sure your plan works.How\u2019s Your Health? It doesn\u2019t matter if you are as healthy as a horse, you still need to have a health care proxy. You never know when you might become incapacitated. This gives you the opportunity to choose who will make decisions on your behalf.We never know when this may occur. It could be an accident, an allergic response to a vaccination or a diabetic emergency. We can\u2019t prevent emergencies, but we can prepare for them.An advance directive tells doctors and relatives more detailed information about how you want specific situations addressed. Do you want a \u201cDNR\u201d or \u201cdo not resuscitate\u201d order?Splitting Up? Don\u2019t Miss These Details. A clear picture of your financial status will be helpful for updating your estate plan. You should not wait until your divorce is final to do that! One of the first things an estate planning attorney will ask a divorcing client is who is their beneficiary and power of attorney? If the divorce is amicable, maybe that doesn\u2019t need to change. However, most people need to make those changes.Here’s one story we\u2019ve heard too many times. Couples who have separated but not yet finalized their divorces, fail to change their estate plans. One woman ended up having to go to court every time she needed money for the care of her minor children. Her husband had changed the beneficiaries of his accounts to his minor children but did not name a guardian or create a trust.It is highly likely that your life will change as time goes on and so should your estate plan.An estate planning attorney can advise you on creating and keeping up to date with an estate plan that fits your changing circumstances.Reference: Citizen Times (Oct. 8, 2018) “Expert advice: 6 financial decisions to make now for your future“"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Keep You Estate Plan Current with Your Life","item":"https:\/\/www.amorusolaw.com\/blog\/keep-you-estate-plan-current-with-your-life-new-york-ny-white-plains-ny\/#breadcrumbitem"}]}]