A recent article in an online California publication is quite instructive -- even eye-opening -- regarding the need for any estate planner to periodically revisit material points in planning documents and, if necessary, make adjustments to conform with present realities.
Seemingly, a 75% success rate qualifies as a win in many of life's endeavors.
Some things in life remain constant.
Now that your children are adults, you might expect that they would be able to handle dividing up your things and taking care of your final arrangements without a lot of conflict. This might not be the case, even if your adult children get along. Money and assets are often the sources of contention when adult children handle their parent's estate. You can take steps now to minimize the chance of a battle over your estate occurring when you die.
A writer and advocate for the elderly notes what he describes as a stark dichotomy regarding the financial outlays made by legions of families across the United States for different purposes.