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Law Office of Rick Todd Blog

Tuesday, June 12, 2018

Estate Planning Lawyer in Howard County Can Help You Dust off Your Plan

Estate planning is one of the most important things you can do to protect yourself and plan ahead for when you pass away. Unfortunately, many people do not revise their estate plan after major life changes occur which can lead to problems in distributing assets. With an estate planning lawyer in Howard County, you can make sure that your estate plan is up to date and fits your and your loved one's needs.

When and Why Should I Update My Estate Plan?

There are many situations that can come up in life that should be reason to revise your estate plan. Any major life changes should always be reflected in your plans.

Here a few of the most common ones:

A change in marital status - After a divorce, former partners should be removed from the estate plan as soon as possible. And of course, if you've been married you should update your plan to include your current partner. This needs to include plans for any children that are involved in the marriages as well.

You have a child - If you have a child, your estate plan should be updated to include the child.

You relocate to a new state - State laws regarding estate plans vary, so you should contact an estate planning lawyer to ensure that your current plan meets all guidelines and make changes as necessary.

You've bought a business or gained an inheritance - The addition of any major assets should always be reflected in your estate plan.

Even if you haven't experienced any major life changes, you should still review your plan every five years. The passing of time can alter your intentions. What you thought was best five years ago may not be what you think today.

Looking for an Estate Planning Lawyer in Howard County?

Reviewing and revising an estate plan should be done with an estate planning lawyer. An estate plan is should always reflect your current wishes. So, if it's been a while since you've revised it, contact the law offices of Rick Todd. An estate planning lawyer in Howard County can help you make sure your estate plan meets your needs.



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The Law Offices of Rick Todd is located in Columbia, MD and Chevy Chase, MD (Friendship Heights) serve clients throughout Clarksville, Columbia, Ellicott City, Fulton, Rockville, Bethesda, Potomac, Laurel, Howard County, Montgomery County, and Washington D.C.



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