Is Your Estate Plan Bulletproof? Common Oversights You Might Be Making
Many people think they have got everything covered when it comes to estate planning. However, in the web of elder law Grand Rapids Michigan legalities, every estate plan needs to be tough and truly bulletproof. Here we are looking at some of the common oversights you could be making, and what you can do to improve the estate plan. Neglecting regular updates In life, anything is possible, and that is the same with your circumstances. Perhaps the most common oversight people make is taking one plan and sticking with it forever. If you have drafted your will in your 40s, you cannot keep the same will when you have children later, or when you have accumulated assets. Marriages, births, divorces, and financial changes are always happening in life. And so, you should always keep updating your estate plan. Forgetting Digital Assets Digital assets are becoming more and more important right now. In the future, there is definitely a market for your assets. If you invest in fina...