John Marshall Collins, Attorney
John Marshall Collins, P.C.
50 W. San Fernando St., #400
San Jose, California 95113      
Phone (408) 287-9001
Fax     (408) 852-0309
 
   

Maintaining Accurate Personal Data

      In addition to updating the estate plan itself, care must be taken to ensure that the addresses and phone numbers of all the individuals named in the plan (beneficiaries, executors, trustees) are current. It is a good idea to take an inventory of all estate planning documents - do family members know exactly where to find all these documents? There should be a written list of the location of all important financial information, along with a list of the financial advisers to contact in the event of death. Having this information readily at hand will make settling the estate that much easier.

      Conducting regular estate plan reviews can pinpoint personal, professional, and legislative changes that will have an impact on the estate plan. Annual reviews will ensure that loved ones will be taken care of and properly distributed according to an estate owner's wishes - in spite of unforeseen circumstances (good or bad) that have occurred since the plan was first drafted. Procrastinating can be a costly mistake.

 

 
© 2001-2012 John Marshall Collins, Professional Corporation - Disclaimer