Each person’s estate planning needs are unique, and the frequency with which you should update your plan depends on various financial, personal, and legal factors. As a general rule, it’s recommended to review your estate plan at least every 3 to 5 years, or whenever a major life event occurs.
Key Life Events to Consider:
- Marriage or Divorce- marriage and/ or divorce often trigger different laws according to state
- Birth or Adoption of Children
- Death of a Family Member
- Changes in relationships
- Financial changes
- Changes in health
- Wanting to change beneficiaries and distribution plans
- Changes in executors, trustees, or agents
Regularly revisiting your estate plan ensures it remains aligned with your current circumstances and wishes.
