Updating an estate plan is a critical part of the estate planning process.

Name: Updating an estate plan is a critical part of the estate planning process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Estate plans should be reviewed and updated regularly to reflect changes in one's personal or financial circumstances, changes in tax laws, and changes in beneficiaries or key decision-makers. This ensures that the plan continues to meet the individual's goals and objectives and that assets are distributed according to their wishes.

Updating an Estate Plan Is a Critical Part of the Estate