Updating your estate plan

If you are 18 and mentally competent, at a minimum, you should have a will, a financial power of attorney and a health care power of attorney. I have reviewed many estate plans that do not even include these three basic documents. If you are missing any of these three documents in your estate plan, then your estate plan is in serious need of updating. Even when you have a trust, you still need a will, a financial power of attorney and a health care power of attorney as part of your estate plan. A trust without any of these three basic documents results in serious gaps in your estate plan, which would need to be reviewed and updated.

 Read more: http://www.thetimesherald.com/story/money/2016/10/07/updating-your-estate-plan-critical-its-success/91720974/