4 Items to Update in Your Will as an Empty Nester

As a medical power of attorney, this individual will have the right to be in charge of critical healthcare decisions if you become incapacitated. It is essential to keep this updated with a child or individual you can trust to make any difficult decisions if need be!

A financial executor is an appointed individual responsible for administering a deceased person's last will and testament. Their primary duty is to execute the will’s instructions and to manage the affairs and wishes of the deceased. This is a large responsibility, so it is crucial that the estate holder chooses someone who is up for the task!

An individual who has the right to an inheritance might want to redirect the funds to someone else during specific situations. It is important to take note of these possible changes in your estate plan to avoid any potential issues from occurring down the road.

Establishing an inheritance plan is essential for knowing which family members will receive certain assets. Since you may now be an empty nester, your thoughts on inheritance might have changed, so it is important to reflect these sentiments in your estate plan.