When you review a will or trust, bring a current list of your accounts, property, business interests, and insurance policies. Your attorney needs to understand what you own, how it is titled, and who is named to receive it.
Check more than the documents
Assets can transfer in different ways: through a trust or estate, by ownership title, or through a beneficiary designation. Ask your attorney how each asset fits with the instructions in your estate plan.
- Have you acquired property or opened accounts since the documents were signed?
- Have your family circumstances or intended beneficiaries changed?
- Do business agreements and insurance arrangements still reflect your wishes?
- Does the plan account for the cash your family may need to pay expenses?
Follow through on the changes
Your attorney may identify documents, account titles, or beneficiary forms that need updating. Ask which changes the law firm will handle and which you need to complete with a bank, custodian, insurer, or another professional.
Keep copies of completed changes with your estate records. Review the plan again when a significant family, property, or business change occurs.
Working with your other advisors
With your permission, Koala Law can discuss relevant account, tax, and insurance information with the professionals you use. Legal work is provided by Koala Law PC under its own engagement; you can use other Koala services separately if you choose.
This material is for general educational purposes only. It is not legal, tax, investment, or insurance advice, and it does not create an attorney-client, CPA, advisory, or insurance relationship. Legal services are provided by Koala Law PC. Other services are provided through separate Koala entities.