Counselor’s Corner Keeping Your Estate Plan: Why It’s Essential
updates that may be necessary. Whether it’s updating beneficiaries, revising trust provisions, or incorporating new tax laws, we’ll make sure your plan reflects your current wishes and circumstances.
Today, let’s talk about a very important task: keeping your estate plan up to date. Now, I know what you’re thinking: “But Mike, I already have an estate plan. Do I really need to worry about updating it?” The short answer? Yes, yes, you do. Here’s why. Life is like a box of chocolates — unpredictable and full of surprises. From new additions to the family to changes in financial circumstances, your life is constantly evolving. And guess what? Your estate plan needs to evolve with it. Think of your estate plan as a well-oiled machine. It’s designed to protect your assets, ensure your wishes are carried out, and provide for your loved ones. But just like any machine, it requires regular maintenance to keep it running smoothly. That’s where we come in. Here at Monteforte Law, we believe in proactive planning. That’s why we offer our clients a free meeting every three years to review and update their estate plan. It’s like a tuneup for your legal affairs — a chance to make sure everything is in tip-top shape and that nothing falls through the cracks.
But wait, there’s more! Not only does keeping your estate plan up to date provide peace of mind, but it also ensures your loved ones are taken care of when the time comes. By staying proactive and keeping your plan updated, you’re setting yourself up for success — and sparing your family unnecessary stress and confusion down the road.
So, there you have it, folks. Don’t let your estate plan gather dust on a shelf. Give it the TLC it deserves, and keep it fresh and up to date. And remember, we’re here to help every step of the way. Until next time, stay proactive, stay prepared, and, as always, stay fabulous!
During your free review meeting, we’ll take a close look at your existing plan and discuss any changes or
The Lasting Impact of Matthew Perry’s Estate TRAGIC LOSS AND LEGACIES
an accident.” According to a recent filing, most of Perry’s belongings will be placed in the Alvy Singer Living Trust, named after Woody Allen’s character in “Annie Hall.” His father, John Perry, and his mother, Suzanne Morrison, are the trust beneficiaries. His half-sister, Caitlin Morrison, and ex-girlfriend, Rachel Dunn, were also listed. Perry also indicated that any children he had would not be entitled to access his estate. (He never had children.) According to FindLaw, “The Alvy Singer Living Trust trustees are Lisa Ferguson and Robin Ruzan. Ferguson was Perry’s business manager, and Ruzan was a friend and executive producer. Perry’s estate is valued at over $120 million.” The passing of Matthew Perry marks the end of an era as fans mourn the loss of a
An estate plan is crucial for several reasons: It ensures your assets are
distributed according to your wishes after you pass away and minimizes potential disputes among family members. You can also designate guardians for minor children to ensure they are cared for. Matthew Perry, well-known for his role in “Friends,” proved to be one step ahead when he set up a living trust in 2009. The 54-year-old Hollywood star was found unresponsive after drowning in his Los Angeles, California, home on Oct. 28, 2023. According to NPR, “His drowning, coronary artery disease, and the effects of buprenorphine — a medication used to treat opioid use disorder — were noted as factors that contributed to his death, but were not the primary cause, according to the autopsy results. The death was ruled
talented actor whose work left a significant impact on the entertainment industry. However, beyond his artistic legacy, Perry’s death highlights the importance and benefits of estate planning, the significance of living trusts, and the blessing of orderly distribution of assets. His family is the fortunate recipient of his generous gift.
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