Thursday, March 30, 2017

How Often to Review Your Estate Plan

If you already have an estate plan, that's great! Your next question is how often should you review that plan. More on that below. If you are like the almost 70% of folks who don't have a plan yet, now is the time to take care of that for yourself and family.



Here are the rules on how often to review your estate plan:

1. Every 2-3 years if nothing has happened.

2. Sooner than that interval if one of the following has occurred in your life:

  • Significant change in health of you, your spouse or a child.
  • Significant change in your net worth such as winning a lotto or inheriting.
  • A change in your family structure such as divorce, separation, marriage, living together, or birth of a child.
  • Becoming responsible for an elderly relative or parent.
  • Any other life event that is significant to you.
  • You learn of changes in the law and tax code that may impact you.
By following these simple guidelines you will keep your estate plan up to date, current and synced with your goals and objectives.


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