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Black Panther Star Chadwick Boseman Died Without a Will
From Howard Hughes to Prince and now Chadwick Boseman, we hear about people who have access to millions of dollars and they still die without a will. Recently we learned of the tragic death of Chadwick Boseman, a hero to many for his portrayal of the Black Panther in the Marvel comic’s movies. Now we have learned through a probate filing in California that he died without leaving a will. I don't know in particular why Mr. Boseman and other any of these other famous people don’t get around to doing their estate planning, but it probably says something about how we really hate to think about death. But the truth is we all go some time and we can't take it with us.
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Do You Need to Update Your Estate Plan?  Five Things You Should Consider.
Unfortunately, creating an estate plan is not a one and done process. You must make sure that your plan keeps up to date with changes in your life. I recommend that my clients take a moment once a year to review their plans themselves and meet with me at least every three years to make sure that their plans are current. Here are five items that you should consider when reviewing your plans.
  1. Deaths, Disability, or Other Changes in the Family

You should consider whether the individuals named in your planning documents such as medical powers of attorney, durable powers of attorney, wills and/or revocable trusts, have died. While a well drafted plan will include provisions that provide for an alternate distribution of your assets or an alternate executor, for example, if people in your plan have passed, you should consider updating your documents to make sure they cover your life as it is now. Other changes can trigger a need to change your plans. The person you named as executor may have moved across the country. Additionally, a person named as an agent, trustee, or executor may have become disabled physically or mentally. A child may have developed an issue with drugs or alcohol, and you need to remove the child as an alternate agent under your power of attorney or establish a trust for them to prevent them from squandering their share of the estate. All are good reasons to revisit your plan and make changes.

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