Published July 30, 2013

Is Your Will Up-To-Date?

When was the last time you reviewed your will?  People generally make wills to guarantee the proper disposition of their money and property, which is why it is a good idea to consult your certified public accountant when creating or updating your will.
We recommend that you revisit your will every time you experience a major life event, such as marriage, the birth of a child, retirement, or other significant milestone, like winning the lottery.  Even if there is no meaningful change in your life, it is smart to review the document every couple of years to ensure it still addresses all your estate concerns and reflects your wishes.  Changes in the value of your investments-such as a stock portfolio or real estate-may also require adjustments in your estate plans.

Reviewing your will may raise questions about various areas of your financial life, including your retirement or estate planning, college savings, or other financial concerns.  If you need perspective and advice to help you make informed choices, contact the expert listed below at PYA, (800) 270-9629.

WE ARE REQUIRED BY IRS CIRCULAR 230 TO INFORM YOU THAT THE FOLLOWING DISCUSSION WAS NOT INTENDED OR WRITTEN TO BE USED, AND IT CANNOT BE USED, NOR RELIED UPON, BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING ANY PENALTIES THAT MAY BE IMPOSED UNDER FEDERAL TAX LAW.  THE ADVICE WAS WRITTEN TO SUPPORT THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED IN THE DISCUSSION.  EACH TAXPAYER SHOULD SEEK ADVICE BASED ON ITS PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.

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