The start of a new year is a great time to set goals and make resolutions. But it is important to think beyond the next year, and to put plans in place for your family’s future. This often involves creating a will or a comprehensive estate plan.
Our estate planning attorneys at West Law Firm can help make the process quick and easy. Whether you are writing your will for the first time or updating an existing one, our team will walk you through it, from start to finish.
What Is the Different Between a Will and Estate Plan?
A will is a legal document that clearly outlines the desired distribution of your assets. Wills also name an individual as executor, putting them in charge of carrying out your wishes.
An estate plan is a broader term that not only includes your will, but other legal documents – such as a trust, power of attorney, advance directive and more. While a will is a great place to start, our legal team recommends more thorough estate planning to make sure your family is provided for after your death.
When Should I Update My Estate Plan?
Here at West Law Firm, our experienced attorneys suggest updating your estate plan every three to five years – or when a significant life event occurs. Many Berkeley County residents decide to amend their plans after one of the following events:
- Birth or adoption of a child or grandchild
- Death (of spouse, executor, child, etc.)
- Catastrophic injury or disability (self, spouse or dependent)
- Purchase of a home or other large asset
- Career change (promotion, job loss, new business, etc.)
- Receipt of significant gift or inheritance
Why Is It Important to Update My Estate Plan?
Failing to update your estate plan can cause major issues, heaping unnecessary stress and conflict on your family during an already difficult time. By making sure your will is updated, you will not only spare your loved ones additional hardship, but ensure your wishes are fulfilled.
Trust Your Berkeley County Estate Planning Attorneys.
Updating your will is simple with the help of an experienced estate planning attorney – like the ones you’ll find here at West Law Firm. Contact us today to schedule an appointment at our conveniently located Moncks Corner, SC office! Call 843-761-5626 or click here.