When Should I Revisit My Estate Plan?

When Should I Revisit My Estate Plan?

Feb 05, 2015

The Estate Plan Process

The estate planning process is exactly that. It is a “process” and not a one time event. You should periodically review your plan to make sure it is legally up to date and meets all of your wishes. The following is a list of life changes that require your estate plan to be revisited and possibly altered.

  1. More than two years have passed since an attorney last reviewed your current documents.
  2. Separation, Marriage, remarriage or divorce in the family.
  3. Death of a spouse, trustee, executor or beneficiary.
  4. Birth or adoption of a child or grandchild.
  5. Serious illness of a family member.
  6. Major change in the size of your estate.
  7. Move to another state.
  8. Purchase of property, whether in California or out of State.
  9. Change in relationships with beneficiaries.
  10. Financial irresponsibility of a beneficiary.
  11. Tax law changes in insurability for life insurance.
  12. Changes in your health of the health of your beneficiaries.
  13. Changes in business interest or retirement.

How This May Apply to You

If you notice some areas that might apply to you or your family, then it may be time to revisit your estate plan.

Remember, current clients receive free annual reviews.

If you are not a current client, take advantage of our free initial consultation which includes a complete review of your current legal documents.

Now you have no reason to avoid scheduling an estate plan “check-up.”

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