Clients often ask if they should update their estate plan when they move from one state to another. Our answer is always, Yes. Relocating is the perfect time to update your will or trust, advance directive, power of attorney and any other legal documents you may have. Moving usually means new tax aspects and state laws. Thankfully, you may only need to update your documents instead of completely re-writing them.
Once settled into your new home, you’ll want to find an attorney who will help you update your estate plan. Let’s look at a couple of items within your estate plan that may need updating.
If you own property in multiple states, you will want to work with an experienced estate planning attorney who understands the tax implications of each property and how to ensure they are protected after you pass away.
It is essential to review and update your estate plan with an experienced local estate planning attorney when you move.
If you have questions about your estate plan after relocating, please contact us to schedule a free consultation. To learn how to protect everything you have worked for, call us for a consultation at 630-864-5835.
Areas we serve: Cook, DuPage, Kane, Lake and Will counties.