Weinstein & Randisi - estate planning

Toll free:
800-768-1780

Phone:
585-310-1578

  • Home
  • About
  • Practice Areas
    • Estate Planning
    • Estate Administration
    • Elder Law
    • Litigation
  • FAQs
  • Testimonials
  • Blog
  • Contact

Phone:
585-310-1578

  • Home
  • About
  • Practice Areas
    • Estate Planning
    • Estate Administration
    • Elder Law
    • Litigation
  • FAQs
  • Testimonials
  • Blog
  • Contact
  • X Close
Weinstein & Randisi - estate planning

Phone: 
585-310-1578

Toll free: 
800-768-1780

Phone: 
585-310-1578

Your Family’s Law Firm

View Our Practice Area
  1. Home
  2.  » 
  3. Estate Planning
  4.  » The importance of updating your estate plan

The importance of updating your estate plan

On behalf of Weinstein & Randisi | May 8, 2020 | Estate Planning

Whether your estate plan involves a straightforward will or a more complex plan of trusts, living wills and other documents, that plan can give you confidence that you are prepared for the future. You can also be confident that you are more prepared than many others; one Caring.com survey indicates that more than half of people do not have an estate plan in place.

However, if your life has changed since your plan was created, you should consider revising your documents so that they reflect those changes.

When your life changes, your beneficiaries may, too.

You want all of your loved ones to be provided for, and when your family changes it can require you to update your beneficiaries. After marriage, you will want your estate plan to include your spouse so that they are provided for after your death and can make decisions in your absence. If your estate plan was made before a divorce, you probably want to remove your ex from your documents so that they reflect your new, single life.

The birth of new children is also an important time to update your plan. Updating your list of beneficiaries and naming a guardian for your child if you were to pass away unexpectedly can ensure that your children are safe even if you cannot care for them yourself.

Changes in your life situation should come with revisions to your estate plan.

Your estate plan is a reflection of your life, your assets and your relationships. When your finances change—whether you come into a great deal of money, you make a major real estate purchase or you fall on financial hard times—that change in your assets will need to be accompanied by a change in your plan. You may need to update your strategy to protect those new assets; for example, you may want to create a trust to protect your wealth rather than using a will to distribute it.

If your health changes, it can also be important to update your estate plan. Your changing health needs can come with the need to plan for a time when you are unable to make important decisions about your own care. Creating a living will or healthcare directive allows you to detail how you want your condition to be treated, and establishing power of attorney gives you the chance to name someone you trust to make decisions if you are unable to do so.

Even if you have not experienced a major life change, experts recommend reviewing your will every three years. Periodically reviewing your estate plan with an experienced attorney will allow your plan to reflect your needs and wishes now and give you confidence that the people and things you care about will be protected.

  • Facebook
  • Twitter
  • LinkedIn

Categories

  • blog (2)
  • Creed (1)
  • Divorce (1)
  • Elder Law (22)
  • Estate & Gift Taxes (3)
  • Estate Administration (30)
  • Estate Administration & Probate (24)
  • Estate Litigation (20)
  • Estate Planning (254)
  • Long-Term Care Planning (62)
  • Podcast (1)
  • Probate Litigation (33)
  • Trustees (12)
  • Trustees, Executors & Fiduciaries (17)
  • Trusts (47)
  • Uncategorized (63)
  • Weinstein & Randisi Contests (1)
  • Wills (64)

Archives

  • January 2021 (1)
  • December 2020 (6)
  • November 2020 (2)
  • October 2020 (3)
  • September 2020 (5)
  • August 2020 (2)
  • July 2020 (4)
  • June 2020 (5)
  • May 2020 (12)
  • April 2020 (4)
  • March 2020 (3)
  • February 2020 (2)
  • January 2020 (1)
  • December 2019 (2)
  • November 2019 (11)
  • October 2019 (1)
  • September 2019 (2)
  • June 2019 (2)
  • May 2019 (4)
  • April 2019 (5)
  • March 2019 (6)
  • February 2019 (8)
  • January 2019 (7)
  • December 2018 (7)
  • November 2018 (8)
  • October 2018 (9)
  • September 2018 (6)
  • August 2018 (7)
  • July 2018 (6)
  • June 2018 (5)
  • May 2018 (7)
  • April 2018 (7)
  • March 2018 (9)
  • February 2018 (5)
  • January 2018 (5)
  • December 2017 (6)
  • November 2017 (7)
  • October 2017 (7)
  • September 2017 (7)
  • August 2017 (5)
  • July 2017 (6)
  • June 2017 (6)
  • May 2017 (6)
  • April 2017 (6)
  • March 2017 (9)
  • February 2017 (4)
  • January 2017 (9)
  • December 2016 (3)
  • November 2016 (8)
  • October 2016 (4)
  • June 2016 (3)
  • May 2016 (10)
  • April 2016 (11)
  • March 2016 (11)
  • February 2016 (11)
  • January 2016 (12)
  • December 2015 (10)
  • November 2015 (11)
  • October 2015 (10)
  • September 2015 (12)
  • August 2015 (10)
  • July 2015 (11)
  • June 2015 (11)
  • May 2015 (11)
  • April 2015 (11)
  • March 2015 (11)
  • February 2015 (10)
  • January 2015 (11)
  • December 2014 (11)
  • November 2014 (10)
  • October 2014 (12)
  • September 2014 (10)
  • August 2014 (13)
  • July 2014 (11)
  • June 2014 (11)
  • May 2014 (11)
  • April 2014 (10)
  • March 2014 (11)
  • February 2014 (10)
  • January 2014 (12)
  • December 2013 (10)
  • November 2013 (11)
  • October 2013 (5)
  • April 2013 (1)
  • March 2013 (1)
  • January 2013 (2)
  • December 2012 (1)
  • November 2012 (1)
  • August 2012 (2)
  • January 2012 (2)
  • December 2011 (1)
  • October 2011 (1)
  • September 2011 (2)
  • April 2011 (1)
  • March 2011 (1)
  • December 2010 (1)
  • September 2010 (1)
  • May 2010 (1)
  • March 2010 (1)
  • February 2010 (1)
  • January 2010 (1)
  • November 2009 (1)
  • July 2009 (1)
  • November 2008 (1)
  • October 2008 (1)
  • July 2008 (1)
  • March 2008 (1)
  • February 2008 (1)
  • December 2007 (1)
  • November 2007 (1)

Recent Posts

  • The many responsibilities as guardian of an elderly parent
  • What estate tax filings are the responsibility of the executor?
  • Will the New York courts uphold a no-contest clause in your will?
  • What can you do when you need to disinherit a beneficiary?
  • What Are Medicaid’s Asset Rules?

Subscribe To This Blog’s Feed

FindLaw Network
I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

–Robert and Christine Simonson, Fairport

In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

— Christine and Robert Simonson, Fairport

I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

–David and Ajia Cherry, Fairport

I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

–Kathy and Gary Gray, Webster

Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

–Ajia and David Cherry, Fairport

  • More Testimonials
  • Ancillary Services
  • Blog
  • Articles
Awarded Top 50 Estate Planning Blog

How Can We Help You?

Blog Feed

The many responsibilities as guardian of an elderly parent

Jan 5, 2021

It remains a decision that you and your family have struggled with and pondered for a few months. What to do about your father, who is losing his memory and shows signs of dementia. The other day, he planned to drive to your house to see his grandchildren. However, he...

read more

What estate tax filings are the responsibility of the executor?

Dec 21, 2020

Serving as the executor or administrator of an estate means settling all of the obligations of the deceased person. It also means distributing their assets in compliance with their wishes. Some people become so fixated on that second requirement that they don't fully...

read more

Will the New York courts uphold a no-contest clause in your will?

Dec 21, 2020

There are many reasons why you might suspect that someone in your family would challenge your last will. Perhaps you chose to disinherit one of your children or maybe you know that your relatives will fight no matter what you do. A challenge to your estate could...

read more
Email Us For a Response
Weinstein & Randisi - estate planning
290 Linden Oaks, Ste. 200
Rochester, NY 14625
Rochester Law Office Map
Map

Call us now for a free, 100% confidential consultation:

Phone: 585-310-1578

Toll Free: 800-768-1780

  • Follow
  • Follow
  • Follow

© 2020 Weinstein & Randisi. All Rights Reserved.

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters

​