How Estate Plans Fail
You aren’t likely to know if your plan succeeds or fails, because you’ll be gone. But you should take steps to ensure success. One reason for estate plan failures is lack of follow through. For your estate plan to be successful, you need to implement the plan; then regularly update the plan. Throughout your life things change; your plan should be updated to reflect these changes; such as marriage, divorce, kids, house purchase, etc. Also, laws change and your plan should be update accordingly. An estate plan isn’t something that can be completed once and forgotten. An obsolete plan can…
