When to Update Your Estate Plan
What Should Trigger a Review of Your Estate Plan
Knowing when to update your estate plan is crucial to ensure it aligns with your changing life circumstances and evolving financial goals. In this guide, we'll explore the key milestones and life events that may necessitate updates to your estate plan.
Why Update Your Estate Plan?
Estate planning is not a one-and-done process; it's a dynamic strategy that should evolve with your life. Here are some important reasons to consider updating your estate plan:
1. Changing Laws:
Key Milestones for Estate Plan Updates
Regularly updating your estate plan ensures that it continues to protect your loved ones and reflect your changing circumstances. Whether you're experiencing major life events or simply reaching new milestones, our experienced estate planning attorneys at slnlaw are here to guide you through the process and ensure your estate plan remains effective and up-to-date.
Need Help With Your Estate Plan?
Need Help Updating Your Estate Plan?
Our Solutions Roadmap is a quick and easy way to share some information about your situation and your goals and receive preliminary feedback from a member of our team. Use the button below to get started- it is 100% confidential and 100% free.
Don't forget your non probate assets
At each of these stages, remember that you have certain assets that will distribute automatically outside of probate. These are included in your estate for tax purposes, but changes to your estate planning documents will not change those distributions unless you do. Any time you decide to review and update your estate plan, you should also check the beneficiary designations on your life insurance and retirement plan accounts to make sure they are still consistent with what you want.
How Our Estate Planning Lawyers Can Help
At slnlaw, our dedicated team specializes in helping individuals and families navigate estate planning updates. We provide personalized guidance to ensure your estate plan aligns with your evolving circumstances and legal requirements. You can use the button below to schedule a free information call, or simply give us a call at 781-784-2322.