Rhodes Tucker can work with you to develop estate plans looking to achieve individual, family, and business goals and unlock value in your assets, opportunities, and challenges in creative ways focused on your goals. You should look at your estate plan very regularly as state laws and the Internal Revenue Code constantly change. Additionally, changes in your family or business expectations should prompt you to update your will, trusts, and other estate plan elements.
You Should Review Your Estate Plan in the Event of:
Family Events
- Marriage, death, separation or divorce
- A new baby or grandchild
- Health declines
- Children become adults or marry
- Elderly parents move into your home
- A child needs lifetime care
- Lost income or occupation changes
- Big changes in your assets
- Changes in your business or business expectations
- Buying real estate in another state or country
- You want to move to a different state
- You change your mind
- You change accountant, lawyer or stockbroker
- You haven’t changed advisers in years
Business Changes
- You sell or take on a partner
- Children join the company
- Mergers and acquisitions
- You buy a larger stake
- The board or a franchisor requires a transition plan
- You want to transfer control to children or key employees
News Alters Your Life
- You hear that federal or state laws changed
- Your church engages in a new community outreach initiative
- Your trustee dies or changes her mind
- Your personal representative moves or becomes ill
- You find out that your assets are titled in your name, not your living trust
- You want to maintain privacy and avoid public discussion in court after death
- Someone you care about recently had a bad result because of a life event