Many people prepare their first wills when their children are young.
As people begin to age and their children become self-sufficient, different concerns emerge. Instead of feeling obligated to provide for others, the primary concern becomes one's own future care and financial stability. All too often, wills and estate plans which once worked effectively are not updated to meet these new challenges. There is an understandable reason for this. As people reach retirement age, the prerequisites to qualify for available governmental programs can be bewildering, and it is not easy to evaluate the wide array of products and services which are marketed specifically to the elderly.