By Paul Schmitt
Keeping your estate plan updated is as important as getting your personal taxes prepared in the New Year. Reviewing and updating one’s estate plan should be done when changes occur in your family, according to attorney Bob Ross of Ross Estate Planning in Sturgeon Bay. He says one should take note of life-changing events that may affect their estates.
Ross says keeping passwords updated and keeping up with the requirements of online banking are two other considerations when reviewing one’s estate plan. Using charitable contributions for tax advantages and the planning for a nursing home are also two frequent inquiries made in regards to establishing an estate plan, according to Ross.