Please allow me to be frank. It’s unrealistic to think that a piece of paper you draft, reflecting your life at a certain time, will work when your life has completely changed some years later. I'll use the Kendrick family as an example.
Meet the Kendricks
Meet Bill and Karen Kendrick. They got their first estate plan in place when their daughter, Jessica, was born 30 years ago. They updated it when their son Steve came along 4 years later. After attending one of Josh Bryant's living trust seminars 7 years ago, they got a fantastic trust-based plan in place, protecting themselves, their children, their grandchildren, and their dog, Sadie.
Unfortunately, the Kendricks didn’t join Josh Bryant's client maintenance program; instead, they elected to take responsibility for calling him for updates themselves. Life got busy and, as you might guess, they never called to update their documents.
Here’s what’s changed in their lives in the last 10 years.
Do you think their estate plan will still work the way they want it to?
Changes in Your Own Life
The Kendricks have experienced a lot of changes, but those changes are typical of what 10 years brings. Think about the changes in your life over the past 10 years — or since you last updated your estate plan.
Have you moved? Do you have more children or grandchildren? Have you started a business, suffered health problems, or purchased a new home? Do you have new accounts and investments? Do you now care for a parent, pets, or dependent children? Have you remarried, gotten divorced, or retired? Has someone you loved died? Have friends or family named in your plan as trusted helpers moved away, or has your relationship changed? Are your children now adults and able to help you? Do you want to help with grandchildren’s college or dance lessons? Do you see the world in a different way?
Many things have happened in the past 10 years. Your estate plan needs to reflect the changes in your personal life, financial situation, and goals. There have also been changes in the law. Josh Bryant stays abreast of these changes to protect his clients in better and better ways, so the way he does things has changed.
Is Your Estate Plan Out of Date?
If you’ve experienced changes like the Kendricks, or it’s been more than 3 to 5 years since you updated your estate plan, it’s time to come in. Josh Bryant will review your plan and chat with you about what’s been happening in your life. He can get you and your estate plan up to date, reflecting where your life is now.
Josh Bryant is an attorney, entrepreneur, pastor, and visionary with a heart to see churches, businesses, and families more secure, more effective, and more efficient in fulfilling their mission and bringing glory to God.