How do you make sure that your estate plan will keep up with your ever-changing life?
If you have experienced a major life event such as
- a job change
- a death
- birth or adoption of a new child or grandchild
- a child turning 18
- diagnosis of a mental health condition for you or a child or young adult
- a special needs child or grandchild?
- A disability such that you or a family member will be applying for disability payments from the federal government?
- moved to a new state or purchased real estate in another state
- bought a 2nd home
- purchased investment property
- relationship change (marriage, divorce)
- had a financial liquidity event
- filed or considered filing bankruptcy
- win the lottery
You may need to update your estate planning. This checklist will help you decide.
| √ Done | Estate planning Checklist | Action Needed |
| Review your Will or Trust and make sure your planning includes a Financial Power of Attorney, a Medical Power of Attorney + HIPAA + Directive to Family and Physicians (aka Living Will) | ||
| Are the named decision-makers or agents still willing and able to serve? Do you still choose this person? | See your attorney at TCV Law Group | |
| Verify you have named Guardians for your children in the event of your incapacity or death and those persons you named are still willing and able to serve | See your attorney at TCV Law Group | |
| Recalculate your net worth and compare against the estate tax limits. The estate tax is an “optional” tax and should be avoided. (2023 level = $12,920,000 vs. 2026 level = $5,000,000 adj for inflation!) | See your attorney at TCV Law Group |