The Schoenbaum Firm, PLLC

Focused Strategy and Thoughtful Counseling

The Schoenbaum Firm, PLLC provides legal services for businesses and professionals including business formation, contracts, strategy and dispute resolution. The firm also offers flat rate estate planning.  The firm values the importance of efficiency and quality that is critical for every entrepreneur and seeks to develop lasting relationships with clients to ensure their continued success.

When to Update Your Estate Plan

Beyond major life changes such as marriage, divorce, growing family, or loss of family members, there are other reasons why you need to consider reviewing and updating your estate plan. A list of some less obvious changes is below:

1.     You acquire property outside Texas

2.     A major life change for your guardians or executor (divorce, marriage, children, etc)

3.     Your children have reached the age of maturity (18 or 21)

4.     You inherit or acquire a significant asset

5.     You want to set up a trust

6.     You encounter a major financial gain or setback

7.     You became a grandparent (Congratulations!)

8.     Your assets grow to exceed the estate tax exemption

9.     You move to a different state

10.  Aging executors and guardians

DISCLAIMER:

The Schoenbaum Firm, PLLC Website and Blog are provided for informational purposes only and should not be construed as legal advice on any subject matter, nor should they be construed as creating an attorney-client relationship.