Q: How often should you have your estate plan reviewed?

by | Jan 5, 2022 | Estate Planning, Q&A |

A: Ultimately, the frequency with which you should have your estate plan reviewed may vary based on your specific circumstances. However, generally speaking:

1. Any time there are major changes in applicable state or federal tax laws;

2. Any time you go through any major life changes (such as getting married, getting divorced or relocating out of  state); and

3. Any time your current estate plan no longer reflects your testamentary wishes.

Regardless, it’s important that you have your plan reviewed by a qualified estate planning attorney who can analyze it and advise you on whether any updates need to be made to your current plan.