It’s a good idea to have your estate plan reviewed every year or two to ensure your estate plan accurately reflects any changes in your family circumstances.
The list below pinpoints certain events that could have a significant impact on your estate. Any of these events should cause you to schedule a meeting with your attorney to discuss if your current estate plan is adequate or if changes should be made.
- You get married or divorced
- Your spouse dies or becomes incapacitated
- You become ill or disabled
- You have a new child
- Your child marries or divorces
- Your child becomes ill or disabled
- You have a new grandchild
- One of your beneficiaries shows signs of financially irresponsibility
- One of your beneficiaries develops a drug or alcohol problem
- The value of your assets has increased.
- Your employment changes
- You retire from your business or profession
- You acquire property in a different state.
- You move to a different state.
- There have been law changes that may affect the language of your documents.