That means there’s a strong likelihood it will not protect your loved ones in the way you intended.
In order to leave the legacy you imagine, we recommend you schedule an estate plan review with a qualified legal team within the next 30 days.
There are several reasons your plan may have landed in the Red Zone:
You don’t have a formal estate plan. Tax and probate laws are complicated. Not having a plan is a recipe for leaving behind a major mess for your family.
It’s been too long since your last plan review. We recommend that you revisit and revise your estate plan every 2 years. Like taking your car for an oil change, these regular tune-ups can be fast and easy. And like an oil change, they’re essential to prevent unpleasant surprises created by changes in tax law or life circumstances.
We don’t trust whoever created your plan. There are lots of great legal teams who can create a solid estate plan. And… we’ve seen way too many disasters in court to imagine that everyone who SELLS estate plans has the expertise to protect your family. In our experience, online services like LegalZoom deliver cookie-cutter plans that fall apart under pressure.
You’ve had major life changes that aren’t reflected in your estate plan. Unless your estate plan reflects the true realities of your life today, it can’t create the outcomes you want after you pass. You should work with your attorney to update your plan whenever you experience any major life changes. These could include birth, marriage, divorce, shifts in a business, buying a new property, and more.
At Watson Law Group, we want to make sure what you think will happen after you pass actually does. That’s why we recommend you schedule an estate plan review with our team ASAP.
We know exactly what traps to avoid, because we’ve spent years in the litigation trenches helping families cope with bad plans. Since 1999 we’ve helped over 500 hundred families write estate plans that work — and we want to make sure yours does too.
Your family deserves an estate plan that works. And you deserve the peace of mind of knowing you’re leaving behind a legacy, not a mess. That’s why at Watson Law Group, we help families like yours create — and maintain — estate plans that show how much you care.