Essential Planning (Estate Value up to $2 Million)

6. Formal Updating & Maintenance

An asset protection and estate plan must allow for myriad changes. First, there is constant change in your personal, family, and financial situation. Second, there is the evolution of both tax and non-tax law that impacts your Estate & Asset Protection Plan. Finally, there is growth in your financial, accounting, and legal advisors' experience and expertise.

Given this continuous process of change, your Estate & Asset Protection Plan will not accomplish its purposes if it is never updated. The costs of failing to update are typically far greater than keeping your plan current.

A sound Estate & Asset Protection Plan meets your goals and keeps you in control of the process and the results. We generally recommend that we sit down together to review your planning documents every two years (or more frequently if you have had significant changes in your family or assets) to ensure that your plan remains current. In fact, you may prefer to keep us on retainer to provide ongoing consulting and maintenance without the distraction (and irritation) of itemized invoices. This provides an opportunity for more proactive planning for you and your family. To be sure, this is where your relationship with our "family" really unfolds.