Villa Rose Associates Ltd.

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FOR IMMEDIATE RELEASE

Checklist of Changes

Requiring Review of Will

If any of the following events occur, you should review the potential effect on your estate planning to determine whether your will (or trust) should be amended by a codicil or revised in its entirety.  (This is not an all-inclusive list.)

Changes in Family Relations

• Dissolution of a marriage (divorce or separation)
• Death of spouse
• Marriage of a single person
• Changes regarding child, grandchild or other beneficiary
•  
  • Birth of a child
  • Death of a child
  • Marriage of a child
  • Marriage dissolution of a child
  • Adoption of a child
  • Illness of a child
  • Economic Changes (good fortune or bad fortune)
  • Attitude change towards spouse
  • Financial irresponsibility

Changes in Economic and Personal Condition of Spouse

• Asset values (increase or decrease)
• Changes in insurability (life insurance)
• Changes in employment
• Changes in business interests (e.g., new partnerships, new corporations)
• Property acquired in a different state
• Changes in health of spouse
• Retirement from business or profession

External Changes

• Changes in laws (state and federal income, estate and gift, property, trust, probate)
• Changes of residence to different state
• Death of executor, trustee, or guardian

This material is not intended to replace specific advice for your situation.  You are advised to discuss your situation with a qualified attorney, tax advisor, financial advisor, or insurance agent. Jeffrey Rosenthal is not an attorney and not authorized to give "legal" advice.  But wills/trusts may have tax implications and Jeffrey will be able to advise you accordingly.