Estate planning is an ongoing process because financial situations change, people come and go out of our lives and laws can change. Reviewing your documents and any changes in assets is important. Cars and properties must be titled in the trust, or else these things may go to probate. Do you know about HIPAA? The law has changed and your documents may need to be updated. The problem is that the new law does not allow your loved ones to get your medical information if you are incapacitated. Call us for a free trust review to see if you need these vital changes.
Updating your documents
Categories:
Related Post
Do I need a Will or Trust?Do I need a Will or Trust?
What will happen if you have no Will or Trust: If you die without a Will or Living Trust the state will decide what happens to your property through a process
You may need to update your Living TrustYou may need to update your Living Trust
1) Have your circumstances changed? 2) Have you made the necessary changes required by the HIPAA privacy statute? 3) Have you considered adding provisions to make your living trust better?
Get rid of your Safe Deposit BoxGet rid of your Safe Deposit Box
The conventional wisdom is to put your loved ones on the safe deposit box or title the box in the name of your living trust. The problem is, when you