I am getting a divorce; do I have to redo my married trust?
The answer is yes. A married trust is for a married couple. If you are going through the divorce process, you will need to revoke the married trust and create a single trust. This is important to complete soon after the divorce is finalized to make sure your assets are protected. Please do not delay in this process. Many times people are so fatigued from the divorce process that they put this on the backburner. That would be a terrible mistake. Failure to update your trust wi
Should I update my trust during poor economic times, like high inflation?
YES! This is an especially important time to review your estate plan. When economic times are hard, you may not have the funds to commit to the distributions you had previously stated. You have to remember that estate plans are fluid documents. They change along with your circumstances. You want to make sure that your documents are constantly updated. A good lawyer should allow you to call him/her and discuss your situations without being charged. You have to have confidence