Palm Beach North Sports - November 2022

N o v e m b e r 2 0 2 2 | P A L M B E A C H N O R T H SPORTS 15 BUSINESS PROFILE spiritual epiphany can reshuffle what’s important to you. These events can also limit or constrain what’s possible for your future. Without renegotiating these commitments in a conscious way, you’ll likely feel intangible unease about them. The moral is that your binder should be reviewed periodically and updated to reflect the changes that happen in your life. As a rule of thumb, we recommend reviewing your estate plan as follows: • A quick review once a year • A thorough review every 3-5 years to ensure the documents reflect your current finances and intentions • Any time you experience a significant increase or decrease in income or wealth • Any time you experience a major life change, such as a birth, marriage, or death in the family • Any time you consider a change in who you want to benefit from your estate plan Keeping your estate planning binder secure and up to date will reduce confusion and the likelihood of disputes when others need to enact your wishes for your estate. As always, we are here to help. For peace of mind, give us a call to review or amend your current plan. If you have questions about your estate plan and what documents you should have in place to plan your estate, schedule a free consultation today by calling our office at 561-694-7827, Anné Desormier-Cartwright, Esq., Elder & Estate Planning Attorneys PA, 480 Maplewood Drive, Suite 3, Jupiter, FL 33458. The content of this article is general and should not be relied upon without review of your specific circumstances by competent legal counsel. Reliance on the information herein is at your own risk, as it expresses no opinion by the firm on your specific circumstances or legal needs. An attorney client relationship is not created through the information provided herein. To comply with the U.S. Treasury regulations, we must inform you that (i) any U.S. federal tax advice contained in this newsletter was not intended or written to be used, and cannot be used, by any person for the purpose of avoiding U.S. federal tax penalties that may be imposed on such person and (ii) each taxpayer should seek advice from their tax advisor based on the taxpayer's particular circumstances.