ES: THE ESTATE PLAN ANALYZER

Changes Requiring Review

of

Will and Estate Plan

1. Changes in family relations

• Divorce or separation
• Death of a spouse
• Marriage of a single person
• Changes regarding child or grandchild (or other beneficiary)
• Birth of a child
• Marriage of a child
• A child's divorce of child's spouse
• Adoption of a child
• Illness of a child (serious or fatal)
• Death of a child
• Economic change; good or bad
• Attitude change toward testator
• Financial irresponsibility

2. Changes in economic and personal condition of client (and spouse)

• Asset values--increase or decrease
• Change in insurability--life insurance
• Change in employment
• Change in business interests--new partnerships or corporations
• Property acquired in a different state
• Deterioration in health of client or spouse
• Retirement from business or profession

3. External changes

• Changes in laws: state and federal income, estate and gift, property, trusts, probate
• Change of residence to different state
• Death of executor, trustee, or guardian
• Change of relationship with executor, trustee or guardian