If you’re one of the many people who have migrated to beautiful San Diego in recent years, you may need to have your estate plan reviewed and, perhaps, updated. This is especially important if you moved here from another state. Estate planning documents sometimes don’t travel well from state to state and you may have difficulty having your documents honored when you need them. Sure, you can sue to have your out-of-state legally valid documents honored, but that’s expensive, time consuming, and stressful. Who wants to do that?
In addition, if you’ve moved, you likely have other changes in your financial and personal life as well; and, perhaps, your goals have changed. Have you added a new spouse, domestic partner, or child to your life? Are you now single? Do you have new real estate or a new business? Have your financial assets changed significantly? Has someone named in your estate planning documents become disabled or died? If any of these events have occurred, it is important that you have your estate planning documents reviewed by a qualified estate planning attorney.
Moreover, your estate planning attorney will help you to ascertain your current estate planning goals and analyze whether your current documents meet those goals, or not. Goals often change as life unfolds. For example, as children grow and become adults, they are often named in positions of authority such as an agent under a general durable power of attorney or medical power of attorney. Sometimes, relationships fade or change and another individual is more appropriate to serve as guardian of your minor children or as trustee.
If you’ve experienced any of these changes, have your estate plan reviewed by a lawyer. Always consult with a qualified estate planning attorney regarding changes to your estate plan. Please feel free to contact our office at (858) 792-5988 for a consultation.