Skip to Content
Crain & Wooley Crain & Wooley
Call Us Today Plano: 972-945-1610 Mansfield: 682-356-4820 Fort Worth: 817-672-9442
Top
Existing Plan Review Update

Mansfield Existing Estate Plan Review Attorney

Let Us Revise Your Current Estate Plan if Your Situation Has Changed

Estate planning can help to solidify an individual's goals about end-of-life care, and assets, both personal and financial. The attorneys at Crain & Wooley can offer a Mansfield existing plan review to help you modify an existing estate plan to remove uncertainties and doubts about what will happen after your death.

To learn about how we can help you refresh and refine your existing estate plan, schedule a consultation by calling our Mansfield estate planning modification attorney at (972) 945-1610 today!

Why Reviewing Your Estate Plan Is Crucial

Life is ever-changing, and what worked for your estate plan years ago might not align with your current goals or circumstances. Regular reviews can identify gaps, outdated provisions, or new opportunities to maximize your estate's effectiveness. Here are some common scenarios that might necessitate an estate plan review:

  • Life Events: Major life changes, such as marriage, divorce, the birth or adoption of a child, or the death of a loved one, often require updates to your estate plan.
  • Financial Changes: A significant increase or decrease in your assets may affect the distribution outlined in your plan. This includes acquiring new properties, selling businesses, or receiving inheritances.
  • Tax Law Revisions: Estate tax laws and other financial regulations frequently change, which can impact the structure and tax implications of your estate plan.
  • Outdated Beneficiary Designations: Over time, the individuals or organizations named as beneficiaries in your will or trust may no longer align with your wishes.
  • Trust and Guardianship Concerns: Reviewing your estate plan can ensure that the right individuals are named as trustees, executors, or guardians for your minor children.

What an Estate Plan Review Involves

An estate plan review is a comprehensive process where an experienced attorney evaluates your existing documents to ensure they remain effective. During the review, your attorney will:

  • Analyze Your Current Documents: This includes reviewing your will, trusts, powers of attorney, advance healthcare directives, and other related documents to verify their accuracy and relevance.
  • Assess Compliance with Current Laws: Your attorney will examine whether your plan aligns with updated state and federal laws, including tax codes.
  • Identify Gaps or Conflicts: Any inconsistencies, missing information, or unclear language will be addressed to avoid potential disputes among beneficiaries.
  • Evaluate Asset Alignment: Your attorney will confirm that your assets are correctly titled and designated to align with your estate plan, ensuring a smooth transfer of wealth.
  • Discuss Your Current Goals: A review provides an opportunity to reassess your goals and make adjustments to reflect your current preferences and priorities.

How a Mansfield Attorney Can Help

Navigating the complexities of estate planning and updates can be overwhelming, particularly when life or legal changes arise. A Mansfield estate plan review attorney offers invaluable expertise to ensure your plan is thorough, compliant, and reflective of your intentions. By working with an attorney, you can:

  • Avoid Costly Mistakes: An overlooked error or outdated provision in your estate plan can lead to unintended consequences.
  • Ensure Legal Accuracy: Estate laws vary by state, and a knowledgeable attorney will help ensure your documents meet Texas legal requirements.
  • Minimize Family Disputes: A well-maintained estate plan reduces the likelihood of conflicts among heirs, trustees, or executors.
  • Protect Your Legacy: Your attorney will help safeguard your wealth and ensure your wishes are honored, providing financial security for your beneficiaries.

How Often Should You Review Your Estate Plan?

As a general rule, estate plans should be reviewed at least every three to five years. However, certain life events or changes in the law may require more immediate updates. Consider scheduling a review after any of the following:

  • Relocation to a different state
  • Changes in marital status
  • Changes in the financial status of beneficiaries
  • Changes to tax laws or inheritance laws
  • The passage of time leading to new goals or priorities

Regular reviews can help ensure that your plan is always in alignment with your wishes and the needs of your loved ones.

Common Updates Made During an Estate Plan Review

An estate plan review often results in adjustments that enhance its effectiveness. Some of the most common updates include:

  • Changing beneficiaries to reflect new relationships or preferences
  • Revising executors, trustees, or guardians
  • Creating or updating trusts for asset protection or special needs planning
  • Incorporating tax-saving strategies to minimize liabilities
  • Ensuring medical directives and powers of attorney reflect your current healthcare preferences

Protecting Your Estate and Your Future

Your estate plan is more than a collection of legal documents; it is a reflection of your life, values, and goals. Ensuring that it is up to date can provide clarity and security for both you and your loved ones. Whether it has been years since you created your plan or you have recently experienced significant changes in your life, an estate plan review is a proactive step toward safeguarding your legacy.

Schedule a Consultation Today

If you’re ready to review your existing estate plan, contact a trusted Mansfield estate plan review attorney at Crain & Wooley. Together, we can evaluate your documents, address potential issues, and make the necessary updates to protect your future. With expert guidance, you can ensure that your estate plan continues to reflect your wishes and provide peace of mind for you and your family.

Contact our Mansfield estate plan modification lawyer by calling (972) 945-1610 today!

Satisfied Clients Tell Their Stories

  • "Thank you and God Bless you"

    Thank you for being my Living Trust and other Estate documents attorney. Due to our move and storage of business and personal documents, we had trouble locating & we took a lot longer to respond to your drafts, etc. You were very patient with me and my needing lots of explaining of legal terms and meanings. At my age, I was concerned about getting things done but wanting it all done right. You were very prompt in responding to my questions and I think by time of signing I felt confident we had things just the way we wanted to protect my heirs. Thank you and God Bless you.

    - Donna V.
  • "Very much appreciated"
    I am very much appreciated your service If anyone like me needed your service I will introduce about you. Everything you did with in a week. Very much satisfied all your service.
    - Sarah P.
  • "Smooth and easy"
    Learning about trusts at the meal was easy and educational. The set down at the office was where the finer points of trusts was explained. That is where and when we decided to make it safe and easy for our heirs. Our final meeting where we signed everything and an explanation of each item was given went smooth and easy. All in all I would say the investment in the trust was worth it.
    Thank you to Crain & Wooley office and staff
    - Anonymous
  • "Professional and knowledgeable"

    My husband and I recently had our living trust completed through the help of Crain and Wooley. Justin and his staffs are professional and knowledgeable. A special thanks to client education specialist Stephen. He is such a nice gentleman and always answers our questions clearly and right to the point, and always ready to help by answering your concerns promptly. We will certainly refer the law firm to our families and friends!

    - Susan X.
  • "Excellent, Highly recommend"

    We went to seminar to just find out what we needed to do for a will, They gave us all the info we needed right then there. Offered a really good price if we signed up to get one that day. A few weeks later after our appointment we have a Living trust. They were helpful with all our questions and were very thorough with these explaining the whole process. They stuck with the price that we paid + let us call anytime if we had any questions. Excellent, Highly recommend this company.

    - Linda B.
  • "So good to finally have a plan"

    After worrying about our lack of estate planning for years, it feels so good to finally have a plan in place. Thank you for making the process relativity painless and offering the educational support we needed.

    - Leslie W.
  • "5 Stars"
    Me and my appreciate Mr. Crosby we think that he was very professional in doing his job and we give him 5 stars when it come to him doing his Job.
    - James A.
  • "Overall experience was seamless"

    We recently had the opportunity to attend a workshop hosted by Crain & Wooley regarding wills and estate planning. Based on the information provided we decided to proceed with our estate planning with Justin and his team.  The overall experience was seamless and the process was clearly communicated. We had our homework and once that was completed, several iterations later we had our final walk-through and signed estate plan. We would recommend Justin to our family and friends.

    - Earl B.

Designed for Your Comfort & Convenience

Estate Planning With Us Means:
  • Flat-Rate Pricing*

    Finally, you won’t need a lawyer to understand your legal fees. We clearly communicate our pricing structure upfront, so you can feel comfortable with our service from start to finish. No surprises, no hidden fees. *Our flat rate fees apply only to proactive planning services.

  • Optional Lifetime Guarantee
    With our optional lifetime guarantee, your will and trust will be automatically updated over the years to ensure it stays current with best practices, reflects your current wishes and minimizes future confusion for your family.
  • Knowledgeable Service
    Laws change all the time. We stay up to date with all the latest information so that you’re covered. No one else in the region is as dedicated or educated in this area of law. We’re the experts so you don’t have to be.