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When’s the last time you reviewed your estate plan?

On Behalf of | Jun 9, 2021 | Estate Planning

Many Massachusetts residents refuse to put estate plans together until they reach their retirement years, but not you. You created an estate plan early because you wanted to make sure you, your family and your assets were protected should the unthinkable happen. While estate planning early on in adulthood is the wise thing to do, this is not a one-and-done kind of deal. When was the last time you reviewed your estate plan? 

Why do I need to? 

State and federal laws concerning estate plans do change on occasion. Your estate plan was written for the laws at that time, but it may not offer the protection you desire anymore. Your estate plan was also written for your needs at the time, but maybe your needs have changed.  

How often should I review my estate plan? 

It is often suggested that people review their estate plan every three years. Of course, it is always wise to look at it after any major life event as well. Major life events might include getting married, getting divorced, having a child, death of a spouse, death of listed beneficiaries or assigned executor  the list can go on.  

Need help reviewing your estate plan or need to make changes? 

If you need a pair of fresh eyes to review your estate plan to ensure it meets your needs and works for current laws  Massachusetts or federal  you can turn to an experienced estate planning attorney for assistance. Legal counsel can also make any wanted or necessary adjustments to your plan. To learn more about this topic, please take a moment and visit our firms website.