Spring Cleaning: Time For A Review?

Spring is a time for fresh starts, making it the perfect moment to review your estate plan. Many people create a plan and forget about it, but life changes — such as family events, financial shifts, and new laws — can affect your wishes. Updating your estate plan regularly ensures it still meets your needs and protects your loved ones.

Family changes like marriage, divorce, births, or deaths can impact your will and beneficiaries. Keeping them updated ensures your plan reflects your current situation. Financial updates, such as new investments, property purchases, or changes in income, may require adjustments to optimize tax benefits and asset protection. Laws related to estate planning also evolve, so reviewing your plan helps ensure compliance and effectiveness. If your chosen decision-makers for healthcare or financial matters are no longer the best fit, updating these documents will keep your preferences current.

Estate planning isn’t a one-time task. Reviewing it regularly ensures it stays relevant, and spring serves as a great reminder. If you haven’t checked your plan recently, now is the time. Consulting a professional can help ensure everything is up to date, giving you peace of mind and securing your legacy.

Read more: Spring Cleaning Your Estate Plan: Review and Revise