Estate planning isn’t a “set it and forget it” task. Life changes, and so should your estate plan. It’s not enough to create a will, trust, or power of attorney and tuck them away for decades. Regularly reviewing and updating these documents is essential to ensure your wishes are carried out and your loved ones are protected.

Why Should You Review Your Estate Plan?

1. Family Changes
   Life events like marriage, divorce, the birth of children or grandchildren, or even the death of a loved one can drastically impact your estate plan. You may need to update beneficiaries, guardianship arrangements, or inheritance provisions to reflect your current family structure.

2. Asset Changes
   Your financial situation evolves over time. You might acquire or sell property, open new accounts, or receive an inheritance. These changes should be reflected in your estate plan to ensure that all your assets are properly distributed according to your wishes.

3. Name Changes
   Whether due to marriage, divorce, or a legal name change, it's important to update your estate documents to reflect your current legal name. A name discrepancy can lead to confusion or delays in the execution of your estate.

4. Change in Wishes
   Your outlook and priorities might shift over time. You may decide you want to leave more (or less) to certain beneficiaries, or change the executor of your estate. Keeping your plan up to date guarantees that it reflects your most current wishes.

5. Relocation
   If you move to a new state or country, your estate plan may need to be adjusted to comply with different laws. A periodic review ensures that your documents remain valid and enforceable wherever you reside.

When Should You Review Your Estate Plan?

It’s recommended to review your estate planning documents every 3-5 years, or sooner if major life changes occur. Regular updates ensure that your estate plan grows with you and continues to meet your goals.

Don’t let your estate planning documents collect dust. Revisit them regularly to ensure they reflect your current circumstances and desires.

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