We often remind our clients that if they have major life changes, they need to review their documents to ensure they are current with their new circumstances. However, a recent news story makes it clear that our life changes can come even when least expected and, sometimes, when least likely!
Ramjeeet Raghav of India claims to be the world’s oldest new father. In fact, the 96-year-old Raghav and his 52-year-old wife just welcomed their second son. Unfortunately, with the countries lack of documentation it is difficult to confirm his age and whether he truly earns the title of world’s oldest father. Raghav has said that although he is capable of having more children, they have decided to stop at two for financial purposes.
While most of our clients are not having new children in their 90s, they may be having grandchildren or even great-grandchildren. How do these additions affect your estate planning? Is it created to incorporate current and future additions to the family? What about other changes such as a death in the family, a change of beneficiaries, financial changes, or moving to a new state…the possibilities are as endless as our lives are different. We recommend reviewing your trust documents every 3-5 years to ensure that the various changes in your life, whether expected or unexpected, are incorporated into your planning.
To schedule a free review of your estate planning documents, contact us today at 888.222.1328.
About Morris Hall:
At Morris Hall, we have focused our legal practice on estate planning for over 40 years. Along with estate planning, our attorneys help clients and their families with matters of probate, trust administration, wills, power of attorneys, business planning, succession planning, legacy planning, charitable gifting and other important legal aspects. We also have divisions in financial, real estate and accounting to help you incorporate all of your planning together, ensuring that everything works perfectly for your needs and situation. Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Cave Creek, Tucson, Prescott, Flagstaff and Arrowhead. Our New Mexico offices are located in Albuquerque, Las Cruces and Santa Fe. Contact us today at 888.222.1328 to schedule an appointment!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.