Estate Planning Lawyer in Schaumburg, IL
If you have created an estate plan at some point in time, you are to be congratulated. There is a staggering number of American adults who have not been ask proactive as you have been. With that said, it is important not to rest on your laurels for too long. Estate plans are meant to be “living legal documents.” This means that as your life circumstances, needs, and preferences evolve, so should certain elements of your estate plan. Thankfully, just as the experienced and dedicated legal team at Bott & Associates, Ltd. regularly assists individuals and couples with creating estate plans from scratch, we also help individuals and couples alter, update, and even reconstruct existing estate planning elements that are no longer current.
Estate Planning Lawyer in Schaumburg, IL
One of the reasons why it is so important to connect with an estate planning lawyer in Schaumburg, IL who is trustworthy, capable, and whose approach to representation meets your needs is that estate planning is not a “one and done” process. You’ll need to revisit your estate plan multiple times over the span of you life in order to better ensure that when your loved ones need to reference it, your estate plan accurately reflects your most current wishes.
Revisiting Your Estate Plan Once It Has Been Created
Generally speaking, you should revisit your estate plan any time a significant life event, change in preferences, or change in your needs affects the accuracy and/or scope of your estate plan. For example, you will likely need to update your estate plan in the event that any of your beneficiaries pass away and in the event that a new beneficiary is born, adopted, or otherwise makes themselves known in your life. Additionally, you may need to revisit your plan in the wake of securing significant new assets.
It is not enough to simply cross terms out and initial them on your own. You’ll need to speak with one of our attorneys about how state law will affect the ways in which you opt to update your estate plan. Otherwise, your loved ones could discover that your efforts were not legally binding. This reality can lead to a whole host of potentially negative stresses and consequences.
Legal Assistance Is Available
If your estate plan is in need of updates, do not panic. Simply connect with our office in order to set up a meeting with the experienced Illinois legal team at Bott & Associates, Ltd. Our lawyers and support staff have decades of combined experience representing the interests of those with estate planning needs. Therefore, we understand that navigating this particular legal need can be anxiety-inducing for some people. Please trust that we will do all that we can to ensure that your estate planning creation and update needs are taken care of in ways that are as efficient, compassionate, and respectful as possible. We look forward to speaking with you about your estate planning needs.
