After completing a list of assets with a customer, an estate planning consultant will then seek to have the estate valued.
Someone who is estate planning as a general future-proofing exercise, and who has no serious worries about their immediate health, can – and should – continually review their estate plan and resulting will. If they don’t, it may lead to complications and challenges in how the estate is dealt with, when they eventually die.
For example, an out of date will might refer to a house an individual no longer owns, might not include mentions of all their grandchildren, or may leave out a new spouse. By continually reviewing an estate plan and will, a person will have the reassurance that in the event of their death, their wishes are met in line with their most recent decisions and circumstances.