Wilson Deege Dollar Despotovich & Riemenschneider

Major Events Warranting Will Review or Revision

J. Michael Deege

• Marriage, divorce, or separation of testator (the person making the will), beneficiary, or family member
  
  
• Birth or death in family; death of business associate
  
  
• New job, work contract, or business venture
  
  
• Illness of testator or primary beneficiary
  
  
• Acquisition or sale of major asset
  
  
• Significant change in estate size, composition, or liquidity
  
  
• Purchase of out-of-state real estate
  
  
• Change in anticipated inheritance
  
  
• Change in income levels
  
  
• Change in income needs
  
  
• Lapse of time since last review (3 - 5 years)
  
  
• Passage of tax legislation
  
  
• New testamentary objectives, change in relationship with beneficiaries
  
  
• Change in residence or domicile, new state residencies
  
  
• Retirement or reaching age 70.5 and taking mandatory distributions from a qualified retirement plan

© J. Michael Deege 2003