Estate Planning Triggers

Estate Planning Triggers: Events That May Require Estate Planning
Mexican Triggerfish

Estate Planning Triggers: Events That May Require Revisions To Your Estate Plan

The following situations should trigger the need to seek immediate legal help to review or revise the family’s current estate and tax plan:

  • Serious or life threatening illness
  • Illness or death of a spouse
  • Contemplation of divorce or marriage, especially second marriages
  • Birth, death or illness of parent, sibling, child or grandchild, or business partner
  • Disability of parent, sibling, child, grandchild, or a dependent or handicapped dependent that may require special considerations or a special needs trust
  • Marriage or divorce of a child or grandchild or business partner
  • New business venture and choosing the proper business entity considering legal, tax, practical and business considerations
  • Business has grown (or declined) significantly in the last few years
  • Personal net worth has grown (or declined) significantly in last few years.
  • Adding or losing business partners
  • Within 5 years of retirement
  • Within 5 years on contemplating sale of business
  • Job loss
  • Estate Tax Law Changes
  • Business litigation

This list is not meant to be all inclusive and are only some of the situations that may require revisions to an estate plan.

“Steven has been providing outstanding legal advice to me for seventeen years. He is THE authority on estate planning and financial planning. Steven is a compassionate and thorough attorney who thinks of every possible contingency. He easily explains complicated issues, and it has been my pleasure to recommend him to my friends.” Gwen Bland

1420 Walnut Street Suite 300
Philadelphia, PA 19102

Telephone: 215-735-2336

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From their offices in Philadelphia, PA, the law firm of Steven J. Fromm & Associates, P.C. provides a full range of estate planning, probate and estate administration, tax, business and corporate legal services to clients throughout eastern Pennsylvania and the Delaware Valley, the Lehigh Valley Area, the Five-County Area, Bucks County, Delaware County, Montgomery County, Chester County, Philadelphia County, Berks County, Lehigh County, Lancaster County, York County, Harrisburg, Norristown, Doylestown, Media, West Chester, Allentown, Lancaster, and Reading.