A “couple” good reasons to update your estate plan

It seems celebrity rumors are all over the media, all the time. For example, one recent rumor announced that acress Charlize Theron and actor Sean Penn are engaged. Then, a mere few days later, that rumor was squelched, with the couple announcing in news stories that they are ” just good friends”.   With divorce a common occurrence, it’s always fresh news when an celebrity couple plans to marry.

 

But what about the rest of us non-celebrities? Do we get showered with media attention when we announce our impending marriage? Not so much. What most of us are showered with are new responsibilities, such as where to live, custody arrangements for children, and financial arrangements. Oh yes, and that other big responsibility: creating or revising an up-to-date estate plan.

 

Newly married couples should be sure their wills and/or trusts reflect their new status. This applies to beneficiaries, powers of attorney, trustee designations, and guardianship designations, if children are involved (or on the way). Previous relationships can mean that the names of exes are the ones on legal documents, and this is something easily overlooked among all the details of a new marriage. But along with marriage licenses and pre-nuptial agreements, updated estate documents are essential. The family that pays attention to this task may be spared both present and future confusion, conflict, and even court involvement, if their wishes are clearly and legally established.

 

Yes, it’s more difficult than selecting flowers and cake flavors, but most important adult responsibilities are difficult by nature. Fortunately, the assistance of an experienced estate planning attorney can go a long way in easing the process.

 

Even if you’re not a celebrity, you deserve a “star quality” estate plan.  Whatever your relationship status, it’s wise to have a current will, advance directives, and other legal documents. So please give me a call to set up a consultation.  When you’re ready, just contact me at 818.956.9200.

 

Glendale Location

616 E. Glenoaks Boulevard, Suite 203

Glendale, CA 91207

 

Sherman Oaks Location

15303 Ventura Boulevard, Suite 900

Sherman Oaks, CA 91403