million Americans die each year, and many haven’t signed the basic documents
needed to protect loved ones. But let’s say you took this important step. How
often do you need to revisit your estate plan?
planning is not a single event, but rather a lifetime process. As long as
you’re living, your life, your interests, and your plans are changing, growing,
and adapting; you simply need to keep the paperwork current.
It’s a good
idea to review your estate planning at regular intervals. But there also are
certain life events that could trigger the need for review and updates. Forbes points out three of them in their
recent article, “When Should You Redo Your Will”? The top
three events listed in this article include changes in the law, impending good
fortune, and financial setbacks.
you really need to adjust your estate plans whenever your life or finances
change. Another recent Forbes article
offers the “5 Life Events That Require An Estate
Their handy checklist says you
should review your estate plan when:
- You get married.
- You get divorced, or your spouse dies.
- You purchase or refinance a home.
- You open new savings, bank, or investment accounts.
- You have new children or grandchildren.
(August 9, 2012) “When Should You Redo Your Will?”
(August 13, 2012) “5 Life Events That Require An Estate