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Keeping your estate plan updated can be just as important as developing your estate plan. The chart below outlines some of the key reasons why you may need to update your plan.
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Change in net worth - such as newly acquired assets or creating a new business. |
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Change in family situation - such as having children or grandchildren. |
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Change in desired guardianship or healthcare wishes. |
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Changes in the tax laws. |
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Changes in your marital status. |
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Move to a different state - different states have different laws. |
The concepts contained herein are not intended to serve as advice and may have legal, tax and accounting implications. Consult your Attorney and CPA for advice.
For more information on this subject, and professional guidance in selecting the right kind and amount of insurance coverage, contact your insurance professional.
Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product availability and features may vary by state. Variable insurance products are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third party broker-dealers.
CWEB-L-172A
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