James Alvord specializes in wills and trusts, which may need a checkup following major life changes. Courtesy photo
While it’s true that wills and trusts go into effect the moment they are signed and they last up to and beyond a person’s death, life changes at any time may create a true need for a do-over.What kind of changes? For instance, when a person and their spouse are going through a divorce, will they still want to leave everything to “someone who did them so wrong?” Other traumatic events, like a death in the family or a major change in the condition of the person who was chosen as executor, may be wreaking havoc to a will or trust.And it’s not just the doom and gloom happenings – maybe there’s a new love in someone’s life, or maybe their three grandchildren are now numbering six with more on the horizon. They need to be included in the plans, right?Lawyers call thes
