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Spendthrift trusts are useful estate planning tools
You love all of your heirs equally and want to do right by each one. But, in reality, you recognize that their circumstances are vastly disparate. You worry what will happen to them once they each get a share of your estate.
When might you want to update your will?
Taking time to stop and think about your plans for the end of your life isn't likely something that you want to do while you're busy living your peak years, but it's important to do it. This will ensure that things end up getting handled exactly as you'd like them to be if anything were to happen to you. While you may think that drafting a will is a one-time process, it's not. It's a document that you'll want to revisit regularly throughout your life.
