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. If you don’t review and update your estate documents accordingly, state laws or outdated instructions may determine what happens to your assets. Here are some key times when you should consider reviewing your estate plans:

Moving to a New State

Relocating across state lines is thrilling, but each state has its own set of estate planning laws. When you move, it's crucial to review your will, trust, and other documents to ensure they comply with local statutes. This proactive step prevents any legal discrepancies and keeps your estate plan aligned with your wishes.

Getting Married or Divorced

Marriage brings about changes in legal and financial circumstances, impacting how assets are distributed. Conversely, going through a divorce necessitates immediate updates to your estate plan. This ensures that an ex-spouse does not inadvertently inherit assets meant for others or that your new spouse is appropriately included in your plans.

Becoming a Parent

The arrival of a child is one of life’s most joyous events and a key moment to update your estate plan. Ensure your children are financially protected and that guardianship designations are clear in case of an emergency. This step provides peace of mind, knowing your little ones are cared for according to your wishes.

A Significant Change in Assets

Whether you’re coming into a substantial inheritance, launching a successful business, or weathering financial difficulties, shifts in your financial landscape can affect your estate planning objectives. Adjust your plan to reflect these changes and secure what you've built accurately for future generations.

Death of a Beneficiary or Executor

If someone named in your estate plan passes away, it’s time to update your designations. This ensures that your estate is managed and distributed as you intend, without complication or delay. Reviewing these elements guarantees your authority over your final wishes.

Professional estate planning guidance can help navigate these changes smoothly. Consider consulting an estate planning attorney to discuss your circumstances and ensure your estate plan remains up-to-date. Regular reviews—perhaps every three to five years, or upon major life events—help maintain your peace of mind and the security of your legacy.