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 estate documents during the moving process. Read more:

There is already enough to think about (or forget) when it comes to moving, whether it is down the street, across state lines or even to another country. This is a reminder to take the necessary time to review estate documents during the moving process.

This is not something you need to do alone. Parsec recommends 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 reviewing your 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.

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 your documents.

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

Share:

Share on facebook
Share on linkedin
Share on email
Share on print

Recent Posts:

Why Your Money Isn’t Available Immediately After Selling Securities

When you need to withdraw cash from your investment account and you’re told the funds aren’t available, it can be a little unsettling, particularly when you know you have more than enough to cover the withdrawal. “What do you mean, the funds aren’t available? I can see them right there!”

2020 Newsletters:

Finding Your Passion Edition

Please enjoy our latest quarterly newsletter where we discuss various types of passions and the respective financial components, including traveling, leaving a legacy, helping others and serving our country, among others. As our CEO Rick Manske wrote, “We all know people who have passion. It is admirable and it can be boundless. I hope that you all know your passion. And if you are looking for it, I believe you’ll find it among your value set.”

Graduations Edition

Whether it is for you or a loved one, a graduation is a truly special moment to celebrate the accomplishment at hand and look forward to the future. As you’ll read in this newsletter, graduations are just as much for parents who are graduating from one spending level to another and adjusting to the new financial demands of the next advancements along the educational path.

Whitepapers:

Get updates from parsec financial

Scroll to Top