Planning for Change

           

          Change is the only constant in life.” – Heraclitus, circa 500 B.C.

 

This timeless truth tells us that the planning we do today will most certainly be out of date at some future time.  In the context of estate planning, we implement a thoughtful structure for the protection of our loved ones, giving instructions for the disposition of our resources.  As we create this plan, of course, we realize that the inevitable changes in life will require changes to our plan.   

 

Knowing this, we recommend that estate planning documents be reviewed at least every three years, as well as any time there is a significant change in family circumstances, such as a birth, death or divorce.  The sale of a family business or a substantial increase in the value of assets may also be a catalyst for change in the estate plan.  If the purpose of planning is to be prepared for an event, then one must anticipate and plan for change.  

Rack Law, P.C. Voted Best Law Firm 2021

Kevin B. Rack Named Best Lawyer 2022

Members of National Academy of Elder Law

Rack Law, P.C. Voted Best Law Firm 2021

Kevin B. Rack Named Best Lawyer 2022

Members of National Academy of Elder Law

News and Events

Headlines & Footnotes

  • Rack named to "Best Lawyers in America" Read More
  • 3 Reasons to Take Social Security at Age 62 Read More

Laws & Decisions

  • Estate Planning with IRA Trusts after the SECURE Act Read More
  • Virginia Lawmakers Act to Help the Good Guys Read More

Firm News & Announcements

  • Announcement of Position Available - Attorney - Estate & Trust Administration / Taxation Read More
  • Rack Named to JMU Board Read More