Northern Virginia Estate Plan Maintenance Attorneys

Estate Plan Maintenance

If you have already created an estate plan, you might think you are all set for the future. However, estate plan maintenance is necessary to ensure your existing plan continues to help you meet your goals. Maintenance can also address changes in your financial situation, home environment, assets, and more.

The estate plan maintenance attorneys at PJI Law can review your current documents and make updates as needed, or ensure that your trust is properly funded. Our team is detail-oriented while also seeing the big picture with estate planning. Thus, we can help you develop a plan that will allow you to reach your personal and financial goals. Then, we will be by your side in the future if you need an additional review or update. Contact our firm today to discuss your existing estate plan and the changes you have experienced. Then, we can develop a customized strategy for you.

Estate Planning Components That Require Maintenance

While all aspects of your estate plan require regular reviews and maintenance, some are more critical than others. At the very least, you need to stay on top of your:

• Will
• Trust
• Trust Funding
• Advance Medical Directive
• Power of Attorney

Our Northern Virginia estate plan maintenance attorneys can review these and other documents and assist you with updates. Reach out to us today to schedule a consultation.

Reasons for Maintenance

When you made your estate plan, it was based on your current situation while also anticipating future needs. Because of that balancing act, your estate plan needs to be updated if you have experienced a significant change in circumstances. For instance, if you have acquired more wealth, you might need to upgrade your plan or add more beneficiaries. At the same time, you might need to adjust your plan after your children reach the age of 18 or your health begins deteriorating.

In addition, if you have a trust, you want to make sure that any new assets you are acquiring are being properly funded into the trust. Finally, estate plan maintenance is necessary to address new goals and preferences as you grow older. What you valued years ago might not be the same as what you value today. Thus, your estate plan needs to evolve with you.

Learn more about the importance of the process by contacting an estate planning maintenance attorney at PJI Law. Then, we can review your plan and make recommendations.

Estate Plan Maintenance When Relocating

Estate planning laws and guidelines vary from one state to the next. Thus, if you have an estate plan in one state, it might not be valid if you relocate. If you have recently moved to Virginia or plan to do so in the near future, it is important to consult with an estate plan maintenance attorney.

Our firm can review your current estate plan to ensure it meets Virginia’s requirements. If it does not, we can update it so it complies with the law. If you fail to make the necessary changes, you might discover your estate plan does not offer the protections you had hoped for when creating it. Thus, contact our firm to discuss updating your estate plan after relocating.