By Attorney Ted Brown
Earth Day is one of my favorite times of the year as it marks the dawn of spring and reminds us of the natural wonder of seasonal renewal. It gives us the opportunity to pause and reflect on not only the pristine beauty of our planet, a veritable oasis set against the hostile darkness of space itself, but also our part in ensuring that we are good stewards of the planet we call home.
Regardless of how quiet or peaceful it may be at times, the Earth never stands still. It is always constantly changing, growing, decaying, composting and starting anew. The plans that we make to govern our lives and our estates must do the same. The celebration of our planet on Earth Day and the rejoicing at the beauty of Spring gives us all the opportunity to revisit and renew our estate planning.
Estate or financial plans are not a “once and done” affair. They require continual evaluation, revisions and rejuvenation to ensure that they are able to adapt to the current legal landscape. Wills, Trusts or other documents prepared just a few years ago can be insufficient or obsolete due to recent changes in the law.
So as you conclude your Earth Day activities, spend an hour with an Elder Law Attorney to review your estate and financial planning to ensure it is still in bloom.