Some of the best things that can happen to you are going to render your existing estate plan obsolete, and this is something to remember amid the celebrations.
Estate planning lawyers are always going to emphasize the fact that adults of all ages should have an estate plan in place. Everyone has something to pass along, even if these items are largely sentimental. And it is also important to express your wishes regarding health care procedures that you would accept or deny in the event of your incapacitation.
When good things start to happen, you are going to have to update your existing estate plan. Marriage is something that is going to fit this description. There are new factors to consider once you have someone else relying on you.
The next big event that couples often experience is the birth of their first child. Without question, as you have children you are going to want to adjust your estate plan to make sure that they are provided for come what may.
And finally, as you traverse your career path you may start to develop a considerable amount of wealth. Your estate plan may have to be adjusted as you enter different financial territory to account for possible estate tax exposure, and to make sure that your assets are protected.
Once you develop a working relationship with a legal professional that you feel comfortable with, he or she will be at the ready to help you make the necessary adjustments as your life changes. If you are currently without representation, right now would be a good time to pick up the phone to arrange for a consultation with a licensed and experienced San Jose estate planning lawyer.
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