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What is an Estate Reassessment?
We offer estate reassessments as a service at Chatuge Elder Law. Here are some facts and fallacies about estate reassessments:
Fact: Your estate plan can become outdated.
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As we grow older, our lives change. So too do our assets, relationships, and circumstances. An estate plan from ten, twenty, or longer may lead distributions totally anathema to your current wishes.
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Therefore, it is important to periodically checkup on your estate plan with time to ensure your plan doesn't fall victim to time.
Fact: New estate planning techniques are constantly being developed.
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Estate planning is constantly evolving, and new legal techniques are constantly being developed that could save you and heirs money.
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Reassessing your estate plan and inquiring on new developments could allow you to benefit from these new developments.
Fallacy: An estate plan is always done correctly.
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While a general practice attorney might be able to craft a simple will or trust, complicated estate matters are best handled by attorneys specializing in estate planning.
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If you feel unconfident in your estate plan, allow us to review it for you and examine whether changes must be made.
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If a will was created under duress by an external party, then it may be found invalid.
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