Estate plans often go catastrophically out of date—no longer in sync when a spouse passes away, a child gets divorced, or tax laws change. The recent SECURE Act has created special traps for existing Trusts. Does yours still make sense? If it’s collecting dust, probably not.
Even minor law and life changes–not to mention births, deaths, divorces, new businesses, or disabilities–can cause DANGEROUS TRAPS in your living trust for you or your loved ones. Just as you bring your car in for a tune up each year, you must make sure your estate plan is still valid and relevant.