Maintain flexibility . . . and review your estate plan documents!
Our estate planning attorney feels very confident about his ability to structure documents that will take care of all contingencies into the future. And so, when he drafted our original documents 10 years ago, he included a number of elements that are characterized as “irrevocable.” Sadly, neither Sarita nor I had any idea what these documents would mean.
Oh, we understood their intent. But since our attorney was so convinced (and convincing!) that irrevocability made our assets much safer than if we created more flexible structures; and because he didn’t ask us the kinds of questions I am learning to ask now; and since our wealth was very much less than it is today
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Ernest Samuelson, estate plan documents, review
