Life is full of big changes—some exciting, some unexpected—but they all have the potential to impact your estate plan. Major life events, from marriage to financial shifts, can alter your wishes, legal responsibilities, and asset distribution. Without proper review and updates to your estate documents, state laws or outdated instructions may determine what happens to your assets. Here are key moments to reassess your estate plans.

Becoming a Parent

The arrival of a child is joyous and transformative, making it crucial to ensure they are financially protected. Updating your estate plan to include clear guardianship designations and financial provisions is essential in case of an emergency.

Getting Married or Divorced

Marriage brings changes both legally and financially, affecting how assets are distributed. Post-divorce, immediate updates are vital to prevent unintended beneficiaries from inheriting your assets.

Moving to a New State

Relocating can require updates to your estate plan, as laws vary by state. Make sure your will, trust, and other documents comply with the new state’s regulations.

Death of a Beneficiary or Executor

If someone named in your estate plan passes away, it's important to update your designations promptly to ensure your wishes are fulfilled accurately.

A Significant Change in Assets

Whether receiving an inheritance, starting a business, or experiencing financial hardship, such financial shifts necessitate a review and potential adjustment of your estate planning goals.

Review your estate plan regularly—or whenever major life events occur, roughly every three to five years regardless. Seeking professional guidance can help you navigate these changes smoothly. It's advisable to consult with an estate planning attorney if you have questions or wish to discuss your situation further.