Season Tickets and Estate Planning: When Is It Time to Reevaluate?

by | Nov 5, 2012 | Asset Protection, Death of a Loved One, Divorce Risks, For Your Kids, Kids' Inheritance, Marriage & Remarriage, Name Guardians, Parents, Wills and Trusts

The email from the University of Illinois said, “We still have not received your payment to renew your 2012-13 Men’s Basketball season tickets.” But that still didn’t change our decision.

I always had season tickets during college and most of law school. And after a bit of a break, started them again in 2003. But, as life unfolds, situations change and priorities change. Now with kids, 2 and 5, along with a busy law firm, plus trying to find time for my wife here and there, it just didn’t make sense to continue the tickets. As most of you may have noticed last year, we gave an awful lot of them away just because we couldn’t go to the games.

As life unfolds, we need or want different things. And, here comes the estate planning connection: as life unfolds, the type of estate plan you need may change. If you have an old will or trust, it might not fit you as well as it once did. Here are some things in life that should lead to a review of your plan:

  1. Inheritance
  2. Death of a spouse
  3. Changes in your health
  4. Marriage or divorce
  5. Children with marriage problems 

We are here anytime you need a review of your plan. Like I always say, “Estate planning is ALL we do ALL the time!” Give us a call at 217-726-9200 to set up an appointment.