Consumer Reports magazine highlights the top “7 money stumbles to avoid,” and lists “not updating your [estate plan] and beneficiaries” as the number one stumble. The article highlights CR’s finding that 86% of respondents hadn’t updated their estate planning documents or beneficiary designations within the previous five years and then talks about situations in which that might cause problems.
Kaiser Law Group helps our clients avoid that problem by offering two monitoring options. For a moderate annual fee, clients can participate in our Client Monitoring Program through which we will proactively reach out and bring clients in for annual update and review meetings. All simple changes or updates are included in the fee. For clients who prefer not to participate in the Client Monitoring Program, we reach out every four years to invite our clients to come in for a complimentary review of their plan. If any changes are required to the plan, clients are quoted a fee for the additional changes.