We have covered many of the reasons why people decide to revise their estate plans, such as the birth of a child, an injury they suffered or the end of their marriage. There are other circumstances in which it may become necessary to go over your estate plan again, however. For example, you may experience a number of different changes with regard to your career which may make it necessary to revise certain aspects of your estate plan. In Detroit, and cities all over the state of Michigan, those whose lives change in significant ways should ensure that their estate plan is also taken into consideration.
Many different career changes could prompt you to revisit your estate plan. For example, you may have been promoted or started a new job, which could significantly affect your finances and your future. Or, perhaps you are an entrepreneur who is considering starting a new business or closing a business, which could also necessitate key changes to your estate plan. You may want to change the way in which your assets are split up among those you love or make other revisions to your estate plan.
We understand that these major career changes (and other key events in life, such as divorce) can be tough to work through. You may feel overwhelmed or think that you do not have enough time to deal with your estate plan at the moment. However, it is always important to think ahead and do what you can to safeguard your assets.