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This timeless truth tells us that the planning we do today will most certainly be out of date at some future time.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.