Creating an estate plan is one of the most important things you can do to protect your family and ensure your wishes are honored. But just as life changes, so should your plan. An outdated version can be nearly as risky as not having one at all.
Here’s when it’s time to take a closer look.
1. Major Life Events
Certain events in life should trigger an immediate review:
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Marriage or divorce
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Birth or adoption of a child or grandchild
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Loss of a spouse or a named beneficiary
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A serious medical diagnosis or disability
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Changing your mind about guardianship or heirs
2. Financial Changes Affecting Your Estate Plan
Big changes in your finances can impact how your estate plan is structured:
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Buying or selling property or a business
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Receiving an inheritance
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Retirement or switching careers
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Opening or closing investment accounts
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Changes in life insurance or pensions
3. Tax Law and Legal Shifts
Even if your personal situation hasn’t shifted, new tax rules or state laws could mean it’s time for an update. Especially if you’re using trusts or have a higher net worth, staying compliant can protect your long-term legacy.
4. People and Roles Have Changed
If your chosen executor, trustee, or power of attorney is no longer appropriate—or has moved away, passed, or become incapacitated—you should revise your estate plan to reflect the right people in the right roles.
5. It’s Been 3–5 Years
Even without major life events, it’s a good idea to revisit your estate plan every few years. Your priorities might shift, your relationships may evolve, or legal strategies could improve.
Keep Your Estate Plan Working for You
An estate plan isn’t a one-and-done project. It’s a living tool that grows with you.
Spending just 15–30 minutes reviewing it every few years can save your family time, stress, and uncertainty—and give you lasting peace of mind.
