A good estate plan is about more than passing on assets. It is about protecting your family’s future, no matter what happens with the economy. With rising inflation, fluctuating markets, and shifting tax laws, an estate plan made even five years ago may no longer provide the protection your family needs.
If your will or trust has not been reviewed recently, now is the time. Updating your estate plan can help ensure that your loved ones remain financially secure even during uncertain economic times. Our Aurora, IL estate planning and asset protection attorney can offer you the guidance you need.
Why Outdated Estate Plans Can Fail During Economic Instability
An outdated estate plan can create significant problems when the economy changes. Some of the most common issues include: