The important thing to learn from Spears in this case, is that when circumstances changed, she revisited her estate plan to adapt it to those circumstances.

Before she had children, her current will might have made sense as her best estate planning option. However, with minor children, a trust to protect the distributions under her will became the better option.

This is something that everyone should do. Changed circumstances require changes in estate plans.

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