Tune Up Your Estate Plan: Questions and Answers

Just like your car needs to go into the shop for a periodic check-up, an estate plan should get a regular once-over to make sure it runs smoothly and efficiently.

While the auto mechanic may find a spark plug needs replacing, an estate planning attorney can make updates and adjustments to your directives, asset protection tools, and long-term care plans that will keep them on track.

An estate plan inspection often generates questions, however, and on the July 20th Life Happen Radio show, hosts Lou Pierro and Aaron Connor tackled some of the most common ones we hear from clients. The attorneys also dispelled several misconceptions people bring to the table, some you may recognize.

 For instance:

• Can the creator of a revocable trust make whatever changes he/she wants without telling anyone?

• Do I need to change my estate plan every time I move?

• How do I draft a Power of Attorney that lessens the chances of abuse?

• What are the characteristics of a good Living Will?

• How can I create an estate plan that benefits my child with special needs?