Why You Should Review Estate Documents After a Move

There is already enough to think about when it comes to moving, whether it is down the street, across state lines or even to another country. Make sure to take the necessary time to review your estate documents after moving.

Reviewing your estate documents is not something you need to do alone. We recommend reaching out to a local attorney who is proficient in estate planning and the laws. When we talk with our clients about estate documents, we are generally referring to their last will of testament; living will; medical and health care powers of attorney; and trust documents. There may be more documents involved in an estate plan but these are typically the main ones.

When you review estate documents, the attorney will make sure the right legal language is in the documents. Here is a sample of some questions to ask yourself as you are reviewing your documents:

1. Have any new children or grandchildren been born that you would like to add to the documents?

2. Have there been any deaths or changes to current people listed in the documents?

3. Have you moved away from your attorney in fact? Moved closer to someone you wish to be your attorney in fact?

4. Are you moving because you are newly single from a divorce/death?

5. Are you moving to or from a community property state?

When people move, their documents are generally still valid between state lines. Every state/country has different laws and if something were to happen it is good to make sure they are up-to-date to eliminate any confusion and to ensure everything goes as smooth as it can. If you do not currently have any estate documents completed, now is a great time to get them done. Read my related article, “Do You Need and Estate Plan?

Unfortunately, we do not draft any legal documents or provide legal advice. If you need estate planning documents, or are new to the North Carolina area, we have a list of local attorneys we work with and would be happy to share the names if you want someone to review estate documents.

Roger A. James, Jr., JD, CTFA
Partner, Director of Trust Services


Recent Posts:

10 Ways to Celebrate Independence Day

I proudly served in the U.S. Army from 1991 to 1992 as a medic. My time serving makes me appreciate being a U.S. citizen. This holiday, I hope you do something enjoyable with family and friends. Here are ten ideas — I will likely do a mixture of them all!

Recent Quarterly Newsletters:

Thrive by Learning and Growing Edition

Read our Q2 2022 newsletter on how to thrive by learning and growing. CEO Rick Manske reflects on graduation season and what this time of achievement and change means for students and loved ones. CIO Bill Hansen writes about education savings; President Harli Palme writes about tax savings related to college expenses; Portfolio Manager Nancy Blackman cautions about hidden costs of college. Advisor Charles Thompson outlines why it’s important that we value and prioritize travel. Advisors Judd Meinhart and Hilary Daniel write about job transitions and what to do with your 401(k) and new benefits. Advisor Neal Nolan ends with 10 ways to celebrate Independence Day and we highlight announcements across our firm. We hope you enjoy this edition!

Thrive by Planning for the Unknown Edition

Our Q1 newsletter focuses on planning for the unknown. CEO Rick Manske begins with outlining the importance of implementing financial family fire drills. Sr. Financial Advisor Travis Boyer writes about handling risk and Director of Investment Management Sarah DerGarabedian discusses mindful investing and how according to Seinfeld, “Anything’s possible!” Financial Advisor Scott Kittrell outlines how to manage the increasing cost of health care, and Sr. Financial Advisor Michael Baughman covers how to determine if you need health insurance. Manager of Financial Planning Judson Meinhart provides helpful tables to fill out to determine if you have adequate property and casualty insurance. Co-Director of Tax Services Larry Harris writes about tax planning unknowns. We hope you find this edition insightful!

Recent Whitepapers:

Stay Up To Date With Parsec

Sign up to join our mailing list and receive quarterly newsletters, whitepapers, news, and more right in your inbox.