Pear, Sperling, Eggan & Daniels, P.C. Discuss Revising Estate Plan Documents

ANN ARBOR, Mich. - Jan. 5, 2022 - PRLog -- Are you required to revise your estate plan documents after a certain length of time? There's no law that says trusts, wills, or powers of attorney, will expire after a certain time period if not re-signed or replaced by more recent documents. However, some places may not honor your documents if they're not current and up to date.

Although the law doesn't require re-signing, the individual or organization that's presented with a power of attorney may have its own policy – it may not accept or honor a power of attorney that's older than a certain some length of time.

For example, you may be named in a power of attorney by some relative or friend to allow you to assist that individual with his or her banking needs. Even if the power of attorney  at issue meets all the legal requirements, their bank may have an internal policy that it won't honor any estate plan document that's dated 10 years, or some other length of time, prior to the date. The bank's policy may create a problem, especially if the grantor of the power of attorney is in poor physical or mental health and can't sign a new power of attorney.

Learn more about how to revise your estate plan here. (https://www.psedlaw.com/learn/more/revise-estate-plan-est...)

Have questions about you're your estate plan? Pear, Sperling, Eggan & Daniels, P.C. has an excellent group of estate planning attorney in Ann Arbor (https://www.psedlaw.com/practice/areas/estate-planning) to serve your legal needs in the future.

About Pear, Sperling, Eggan & Daniels, P.C.: Pear, Sperling, Eggan & Daniels, P.C. is one of the oldest law firms in Washtenaw County, Michigan. Founded in 1948 as Lawrence & Ulrich, over the past 70 years PSED Law has adapted with the ever-changing needs of clients and flourished into a well-respected and successful law firm, trusted by clients, judges and other attorneys. Top Rated Michigan Superlawyers^® , AV^® rated, and their attorneys are held to the highest rating possible based on peer review.