The distribution of your assets as you want them, relies on an up-to-date plan.

Most successful business people are aware that they need an estate plan.

A recent survey found that 9 out of 10 of entrepreneurs have at least a will, if not more estate planning documents. However, there can still be a problem, according to Forbes in “Most Successful Entrepreneurs Have Out of Date Estate Plans.”

The survey found that 85% of the entrepreneurs have estate plans that are more than five years old. That is not always a problem but certainly can be.

Newly acquired property can sometimes be accounted for in old estate plans. Tax laws often change though.

If a significant tax law has changed, the way in which an old estate plan handles an estate can be less than ideal. The plan may no longer do what was intended.

What that means is the estate plans of wealthy people need to be reviewed regularly to make sure those plans still do what was intended.

An estate planning attorney can advise you on creating an estate plan that fits your unique circumstances and then advise you on keeping the plan up to date.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to first register for one of our free, informative seminars. Your attendance will qualify you for a special discount for our estate planning services should you decide to make a free appointment at the conclusion of the seminar and choose to proceed with us. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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