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Reasons to Update Your Estate Plan

  • Family Changes. Marriage, divorce, children and grandchildren can all lead to estate plan modification.
  • Change in Financial Circumstances. What may have been an appropriate estate plan when your income and net worth were much lower may no longer be appropriate today.
  • Geographic Move. Different states have different planning ramifications. Anytime you move from one state to another, your estate plan should be reviewed.
  • Change in Tax Law. Anytime there is a change in the estate tax law, changes in your estate plan may be required. What might have been a great structure under old tax law may no longer be appropriate.
  • Special Circumstances. Sometimes a child has special needs due to physical or mental limitations. Sometimes a surviving spouse's ability to earn a living changes due to a disability. Such situations create special needs that often require special planning.

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First Commonwealth Advisors is a registered trademark used to market various wealth management products and services. Investment management, trust and fiduciary services are provided by First Commonwealth Bank. Certain insurance products are offered through First Commonwealth Insurance Agency, a licensed insurance affiliate. Securities, insurance products and advisory services are offered through Essex National Securities LLC, member FINRA/SIPC and an SEC registered investment advisor. Essex is not affiliated with First Commonwealth Bank.