Are Your Estate Plan Legal Documents in Need of Review in Virginia?

Estate planning documentsWhen was the last time you looked at your will? If you can’t remember, it is time for a review. Having outdated legal documents, such as a will or power of attorney, can wreak havoc on your health and your family’s wealth.

Proper estate planning is an activity – it’s an ongoing process. Proper planning means ensuring that your documents, your trust, your will, your directives, and your beneficiary designations are always updated.

Although estate planning is an easy task, especially if you have consulted competent legal help, once signed, sealed and delivered, most of us would rather not reopen and revisit the decisions contained in legal documents focused on our own morbidity and mortality.  This natural reluctance is the focus of a timely MarketWatch article titled “Make your heirs happy: Update your will.

According to a recent Consumer Reports survey, 86% of respondents who had wills or other estate documents had not updated them within the past five years. How much happens in five years?! Five years ago it was 2008, the time of the market crash and the destruction of so much wealth and planning in the real estate crash. In addition, the last five years have witnessed five different taxation regimes governing estate and gift taxes.

Aside from financial and tax changes, what about changes closer to home? How many new family members are there and how many have passed? And how much has your own perspective on the world changed?

While there are logical reasons to review your legal documents once created, there is also an emotional reluctance to do so. Accordingly, it is best to make this another one of your scheduled “to do” items on your calendar.

As the MarketWatch article confirms, following through on your regularly scheduled estate plan review and update will make your heirs happy, and ensure that your own decisions are honored.

You can learn more about this topic as well as other strategies on our website under the tab entitled: estate planning in Virginia.  Be sure you also sign up for our complimentary e-newsletter so that you may be informed of all the latest issues that could affect you, your loved ones and your estate planning.

Reference: MarketWatch (May 8, 2013) “Make your heirs happy: Update your will


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We've been putting together as many resources as possible so that we can continue to help:

  • If you’re a current client with a signing appointment or a prospective client with a consultation and would prefer that meeting take place in your own home, we can accomplish that with a little bit of pre-planning on our part and with the addition of a laptop, smartphone, tablet or other computer in your home to facilitate this virtual meeting. For those of you that need to sign legal documents, that too can be accomplished with the use of a webcam (FaceTime etc.), so that we can witness and electronically notarize all of your important legal documents.
  • We launched the rollout of our on-demand webinar early so that new clients and our allied professionals can view the important component parts of ‘an estate plan that works’ at their convenience.  That is available on our website.
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Thank you, Walt and the Zaremba Team

Update to our Process

The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.