5 Reasons to Review Your Estate Plan

5 Reasons to Review Your Estate Plan

I have a Will or a Trust. You are done, right? No, life changes, and your estate plan should change with it. You should revisit these documents every 3 to 5 years to make sure that your Will or Trust states the people you want to inherit your assets and distribute them. You should also review these documents after the following events:

Marriage or Divorce: Make sure your wishes reflect your current relationship.
New Children or Grandchildren: Update guardianship plans and consider how you want to provide for them.
Changes in Finances: Buying a home, selling property, or receiving an inheritance may affect your plan.
Changes in Beneficiaries: Make sure the right people are listed on your accounts and insurance policies.
Changes in Your Wishes: Your plans for your assets and loved ones may have changed over time.
Your estate plan should reflect your life today, not the life you had years ago.

When was the last time you reviewed yours?

#EstatePlanning #TampaEstatePlanning #WillsAndTrusts #LorienSJohnson