Regular Estate Planning Reviews
The death of famous actor Heath Ledger was unfortunate and unforseen. News regarding the aftermath shows how important it is to review and update your estate plan. Professor/Blogger Gerry Beyer posts about it here.
Apparently, Heath prepared a will in Australia before he became successful that left everything to his parents and siblings. However, since then he had a child who may face a possibility of being left out of his estate.
There is a possibility that New York or Australian law may provide for children that were born after the will was created. Such a provision is for "pretermitted children" and was created because it regularly occurs that parents do not update their wills after having children.
This is a very useful article for anyone interested in estate planing for their family! Thanks