From: Forbes - Personal Finance - 3:59pm - March 9, 2012Estate planning is a dynamic process.? Over time, changes in family circumstances, changes in laws, and even changes in one?s philosophy regarding wealth transfers can make redoing one?s estate plan desirable.? Some of these dynamic circumstances include: changes in wealth, later-life marriages and remarriages, the recent flood of increasingly complex (and uncertain) tax laws and the growing popularity and usefulness of lifetime irrevocable trusts. Any of these changes may increase the likelihood that your estate plan will need some sort of change or "fix" over the years.? Accordingly, clients and their advisors, increasingly, are looking for ways to modify existing estate plans, particularly focusing on irrevocable trusts, when circumstances change. ?Further, with more frequency than attorneys feel comfortable admitting, errors in existing documents may surface r...
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Source: http://ewallstreeter.com/fixing-the-broken-estate-plan-2748/
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