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Estate Planning in the Fall: Why Autumn Is the Right Time to Update Your Will

Town Law Publishing Aug. 23, 2023

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As the air turns crisp and the leaves start their colorful transformation, autumn presents us with a natural period of transition. It's a time of preparation for the coming winter months, offering a moment for reflection on the year past and the year ahead. Amidst the seasonal changes, autumn can also be an ideal time to think about another form of preparation: updating your will and engaging in estate planning. Let's explore the reasons why the season is ripe for this critical task.

The Natural Cycle of Renewal

Fall signifies a cycle of renewal in many cultures and traditions. As the foliage shifts from vibrant green to various shades of gold, orange, and red, we are reminded of the passage of time and the importance of planning for the future.

Make Time for What Matters Most

Summer often feels like a whirlwind of activities, vacations, and social events. As the pace of life slows down in autumn, we find more time for introspection. This is an opportune moment to revisit your will and ensure that it still accurately reflects your wishes.

Family Gatherings and Open Discussions

Fall is a season of family gatherings, from Halloween to Thanksgiving. These occasions provide an excellent backdrop for open discussions about estate planning, helping you to understand your loved ones' needs and wishes.

Have the Talk During Thanksgiving

As difficult as it may be to discuss matters of estate planning, the season provides a natural setting for serious conversations. During a family gathering like Thanksgiving, you can explore the desires and expectations of family members, making it easier to revise your will to address everyone's concerns adequately.

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Asset Evaluations and Revisions

The end of the year is approaching, and this is typically when people review their finances. Take this chance to evaluate your assets and liabilities. A significant change in your financial situation, such as an inheritance, sale of property, or acquisition of new assets, may necessitate a revision of your will.

Real Estate and Investments

The fall season is often a more stable time in real estate and stock markets, giving you a clearer picture of your assets' worth. You can take this opportunity to diversify or liquidate assets, changes which should be promptly reflected in your will and other estate planning documents.

Legal Assistance and Promotions

Believe it or not, attorneys also acknowledge the cycles of life and may offer special estate planning packages or promotions in the fall. With a comprehensive estate planning check-up, you can ensure that your will, health directives, and any trusts or estate tax plans are up-to-date and aligned with Pennsylvania laws.

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Seize the Season: Update Your Will This Fall

Updating your will isn't just about preparing for the end; it's about providing clarity, reducing familial tension, and ensuring your wishes are carried out in the way you envision. As you take the time to enjoy the colors of fall, remember that the season is an excellent period to review your life plans. This autumn, as you sip on your pumpkin-spiced beverages and take strolls through the beautiful Pennsylvania landscapes, consider taking the time to reflect on your future and update your will. It may be one of the most rewarding activities you undertake this season.