• Changes in the Federal Tax laws since your last update may affect your will and plan.

• Federal Estate Tax law has been changed by Congress in recent years.

• There may be new ways for you to save Federal Estate Tax.

• Changes in the Pennsylvania laws since your last update may affect your will and plan.

• There may be new ways for you to save Pennsylvania Inheritance Tax.

• The size of your estate may have increased or decreased due to the stock market or for other reasons, making changes in your will appropriate - there may be additional taxes to pay if you do not change your plan.  

• The amount of your life insurance may have increased or decreased.

• The size of your retirement plan or IRA accounts may have changed.

• The beneficiary designations on your life insurance may not be coordinated with your will or may need to be changed for other reasons.

• The beneficiary designations on your retirement plans may not be coordinated with your will or may not comply with recent changes in IRS regulations or may need to be changed for other reasons.

• There may have been changes in your family since your last will update - births, adoptions, marriages, divorces or deaths.

• You may have changed your mind about the need for trusts for your children.

• You may wish to make gifts to children, grandchildren or other persons to reduce your overall tax burden.

• You may now wish to change your earlier decision not to take advantage of certain tax-saving techniques because your changed circumstances have reduced the negative consequences of those techniques.  Alternatively, you may wish to change your earlier decision to take advantage of tax-savings techniques that complicated your estate plan because changed circumstances render those techniques unnecessary and you would prefer a more simple plan.

• You may simply have changed your mind about the gifts you have provided in your will - either the persons who should receive gifts or the amounts of the gifts.

• You may have changed your mind about the person or persons you have named as executor of your estate, trustee of any trusts you have created or guardian of your minor children.

• Your may have forgotten to follow through with the implementation of your estate plan beyond signing your will and you need to be reminded of the other things that must be done so that the plan works as you intended it to work.
 

• You may have forgotten how your estate plan is supposed to work and you need to have it explained again so you can confirm that it still meets your needs and desires.

• You should periodically confirm that your will and estate plan continue to meet your goals and expectations.

• You may have attempted to change your will yourself. You may have done it incorrectly so that the desired change was not accomplished. The entire will may now be invalid or you may have unknowingly caused a change that you never intended.