October 17, 2024
3 Reasons to Update Your Estate Plan and Trust

3 Reasons to Update Your Estate Plan and Trust
In this video, Attorney and Financial Adviser Chris Berry discusses the Top Three Reasons to Update Your Estate Plan.
Keeping your estate plan up to date is crucial to ensure that it aligns with your current life situation and the latest laws. Here are the three key reasons why you should review your estate plan regularly:
Life Changes: Major life events such as the birth of grandchildren, the passing of a loved one, or changes in your power of attorney’s location can necessitate updates to your estate plan.
Changes in Law: Legal changes, like the SECURE Act of 2020 and Michigan’s estate recovery laws, can significantly impact your estate planning strategies, especially for retirement accounts and healthcare directives.
Trust Funding: It’s essential to ensure your trust is properly funded with all your financial assets and real estate. This step helps prevent assets from ending up in probate and ensures they are distributed according to your wishes.
At Castle Wealth Group Legal, we offer a Client Care Program to help you stay on top of these changes. Join us as we explore these important topics and more to help you secure your financial future.
Make sure to subscribe to our channel for more valuable insights on estate planning and financial management!
————————————
Certified Elder Law Attorney™ and Certified Financial Planner™
Castle Wealth Group – Helping Good Families Plan, Protect and Preserve What is Important
(844)-885-4200 | CastleWealthGroup.com | MichiganEstatePlanning.com
Plans that span far and wide.
Advisory services are offered through Castle Wealth Group Investments, an Investment Advisor in Michigan. Insurance products and services are offered through Castle Wealth Group, an affiliated company. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital. Insurance products and services are offered through Castle Wealth Group, an affiliated company.