5 Reasons That Wills and Trusts Don't Always Work

5 Reasons That Wills and Trusts Don't Always Work --

1. Documents Not Clearly Drafted -- confusing or incorrect instructions may lead to family disputes, additional costs, and unintended results
2. Outdated Documents -- documents must be updated to reflect changes in your life (marriage, divorce, children, etc.)
3. Assets Not Covered by Will or Trust - you must coordinate assets with your will or trust; otherwise the documents will not direct your assets in the manner that you intend
4. Estate Tax Law Changes -- recent tax law changes have made many documents obsolete
5. Choice of Documents -- choosing the wrong documents can lead to unintended results and additional costs

We have seen numerous documents that do not work for the reasons set forth above.  Take a few minutes to consider whether any of these issues might affect your estate plan.