How Often Should You Review Your Estate Plan?

You paid good money for a comprehensive estatehome, etc.)
plan to protect your family and assets. So, when was- Changes in tax laws
the last time you reviewed it?- Inheriting assets from family or friends
An old, outdated plan is basically no good to you or- Selling your business or buying a business
your family, so take a little time to have your plan- Retiring
reviewed to make sure it will work the way you- Buying property outside of your home state
intend. If you pass away with an outdated estateAny one of these life changing events can affect
plan, your current wishes will not be carried out. Ayour estate plan and require the addition, deletion, or
well written estate plan should change and evolve asrevision of a provision or require you to rewrite your
your family and life change and evolve. I recommendentire plan. Ask your attorney if he/she has an
you review your estate plan at least every threeupdating and maintenance program that you can
years or sooner if one of the following eventsparticipate in. That way, your estate plan will be
occurs:regularly reviewed and up-to-date to truly reflect
- If you are newly married or if you re-marryyour wishes.
- If you get a divorce (even just legal separation)If you live in Maryland or Washington, D.C. and want
- If you move to another stateto learn more, contact us anytime at (888) 495-7289
- The birth of a childor visit our website or blog. If you want to protect
- You adoption a childyour family and assets but don't know where to
- Death of a family memberbegin, then visit our website for a FREE copy of our
- Property acquisition (especially house, vacationEstate Planning E-Book.