• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
logo

The Edwards Law Firm

Estate Planning For All Generations

  • phone-icon (904) 215-3550
  • phone icon (904) 672-7600
  • Schedule a Free Consultation
  • Home
  • Who We Are
    • About Our Firm
    • Attorney and Staff Profiles
  • How We Can Help
    • Business Owners & Asset Protection
    • Estate and Gift Tax Figures
    • Family-Owned Businesses & Farms
    • Incapacity & Caregiver Support
    • LGBTQ Estate Planning
    • Medicaid & Elder Law Planning
    • Pet Planning
    • Probate & Trust Administration
    • SECURE Act
    • Special Needs Planning
    • Wills & Trusts
  • Elder Law
    • Are You A Caregiver?
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veteran’s Benefits
  • Resources
    • Docubank
    • Estate Planning Resources
      • Estate Planning Checkup
      • Definitions
      • Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate Planning Techniques
    • Elder Law Reports
    • Frequently Asked Questions
      • LGBTQ Estate Planning Frequently Asked Questions
      • Incapacity Planning Frequently Asked Questions
      • Frequently Asked Estate Planning Questions
      • Trust Administration & Probate Frequently Asked Questions
    • Pre-Consultation Form
    • Special Needs Resources
    • Trust Administration
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • The Mourner’s Bill of Rights
      • Trust Administration & Probate Definitions
  • EVENTS
  • BLOG
  • Reviews
    • Review Us
  • Contact Us

Moving? Don’t Forget to Review Your Estate Plan

March 31, 2012 by The Edwards Law Firm, P.A.

Compliments of Our Law Firm,
By: The American Academy of Estate Planning Attorneys

A move brings with it a sense of expectation, excitement, and maybe a little trepidation. Whether you’re moving across town or across the country, there are countless plans to be made and there’s a lot of work to be done. Although your Will or Trust might be the last thing on your mind at this busy moment in your life, a move is actually an ideal time to review and update your estate plan. Here are the things you should take a look at:

Will and Trust

You should review your Will and/or your Trust every few years or whenever your family experiences a major life change. A move represents an excellent time to pull out these foundational estate planning documents and make sure that your wishes have not changed since the last time you looked at them.

If your move involves the purchase of a new home, make sure that it is funded into your Trust. If you are moving to a new state, you’ll want to have an experienced estate planning attorney in that state take a look at your Will and Trust. While a Will or Trust that was valid in your home state generally will be recognized as valid in your new state, each state has its own unique laws. You might need to adjust your estate plan to ensure that it continues to meet your family’s needs.

In addition, tax laws can vary widely from state to state. For instance, some states have income taxes while other states do not. A handful of states collect an estate or inheritance tax independent of the federal estate tax. Checking with an estate planning attorney can help you revise your plan to take full advantage of any differences in tax laws between your old state and your new state, so that you can maximize the financial benefit to you and your family.

Financial Powers of Attorney

Legally, as long as your Financial Power of Attorney was valid in your old state, it should be recognized as valid in your new state. As a practical matter, however, financial institutions in your new state might be reluctant to accept a document they’re unfamiliar with. If you want your Power of Attorney to be accepted without complications, it is recommended that you check with a local estate planning attorney.

Health Care Powers of Attorney

Each state has its own requirements when it comes to Health Care Powers of Attorney, and the requirements can vary quite widely. You’ll want to have your Health Care Power of Attorney reviewed by a local estate planning attorney, and be prepared to sign a new document that complies with the law in your new state.

After the boxes are unpacked and you are settled into your new home, schedule a meeting with an experienced estate planning attorney. He or she can help you determine what, if any, modifications should be made to your estate plan in light of your new circumstances and the laws of your new state.

Primary Sidebar

Free Estate Planning Worksheet

There’s a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you’ll be one step closer to getting yourself and your family on the path to a secure and happy future.

FOLLOW US ONLINE

Footer

The Edward Law Firm

Jacksonville
3030 Hartley Road, Suite 210
Jacksonville, FL 32257
Phone: (904) 215-3550
Secondary phone: (904) 672-7600

ST. AUGUSTINE (By Appointment Only)

1750 Tree Boulevard, Suite 9
St. Augustine, FL 32084
Phone: (904) 824-1750

Map/Location

Jacksonville FL estate planning office
Map

Office Hours

Monday  8:30 AM – 5:00 PM

Tuesday  8:30 AM – 5:00 PM

Wednesday  8:30 AM – 5:00 PM

Thursday  8:30 AM – 5:00 PM

Friday  By Appointment Only

The information on this website is for general information purposes only. Nothing on this or associated
pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This
information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

  • Privacy Policy
  • | Disclaimer
  • | Site Map
  • |
  • Powered by American Academy of Estate Planning Attorneys
© 2023 The Edwards Law Firm. All Rights Reserved.