Outdated legal documents can wreak havoc on estate plans. Residents of Chester, Pennsylvania, are reminded to review their wills or powers of attorney to ensure that everything is up to date. Having an accurate and effective estate administration plan can prevent disasters that could have negative effects otherwise.
A recent study found that many Americans forget to update their will after they have signed it. As circumstances and tax situations change, the need to keep those documents current should be a top priority. There are four documents that require attention: a will, trust, health care directive, and a financial power of attorney.