No one truly knows what kind of shape Ms. Houston's estate was in at her death, however the six-time Grammy winner, who died February 11 in a Beverly Hills hotel room at the age of 48 had a will that names her only child, 18-year-old Bobbi Kristina Brown, as the main beneficiary. Hopefully, Ms. Houston set up a trust to consider the particular circumstances of her life. I think we can all agree that we would not want our 18-year-old daughter's to inherit everything in a lump sum, right?

Further, we can only hope that Ms. Houston updated her will, trust and her insurance beneficiaries after her 2006 divorce from R&B singer Bobby Brown. If not, he assets may go to her ex.

Any significant life event such as the birth of a child, remarriage or life altering illness should be your cue to update estate documents.

Even without such changes, it is very important to remember that you should have your documents reviewed by your attorney every three to five years to account for new real estate or business ventures and to make sure all assets are funded.

In summary, immediately contact your attorney, particularly your elder law attorney, if you have a significant life-changing event. If you already have your estate planning done, keep a “tickler” on your calendar to remind you to make an appointment to see your planner every three to five. If you do not have your estate planning done, give us a call at Mr Wong, Ms Sharon and Associates. We will make sure all of your “ducks are in a row”.