At the Law Offices of Meghan E. McNulty, Inc., Keeping Your Estate Plan Current Matters
Life is constantly changing—your estate plan should keep up. Even if you’ve already created an estate plan, major life events can impact your wishes and legal protections. Regularly reviewing your plan helps ensure your legacy is secure and your loved ones are protected.
When Should You Revisit Your Estate Plan?
If any of these events have happened recently, it may be time to review and update your estate documents:
- Marriage or Divorce: Ensure your spouse is (or isn’t) included according to your current wishes.
- Birth or Adoption: Add new family members as beneficiaries and update guardianship designations.
- Buying or Selling Property: Reflect major assets like a new home in your estate plan.
- Changes in Business Ownership: Update business succession plans to avoid legal complications.
- Health Changes: Ensure healthcare directives reflect your current preferences.
- New Laws: Stay aligned with the latest legal requirements that may impact your estate.
Why Regular Updates Matter
Even the most well-crafted estate plan needs periodic review. Outdated information can create confusion, delay asset distribution, and may not reflect your current goals. Regular reviews:
- Ensure your assets are distributed according to your wishes
- Reflect changes in family dynamics or financial status
- Keep pace with evolving laws and tax regulations
If you haven’t reviewed your estate plan recently, now is a great time to revisit it. Small changes today can prevent larger complications down the road.
A Simple Review Can Make a Big Difference
Think of your estate plan as a living document—it should evolve as your life changes. Whether it’s been a year or several years since your last update, a brief review can identify gaps and provide peace of mind.
If you’re unsure whether your estate plan reflects your current situation, we’re here to help. Let’s work together to ensure your legacy is protected and your loved ones are cared for.
Contact Us Today
Even if your estate plan is already in place, a quick review can make all the difference. Schedule a consultation to revisit your plan and ensure it reflects your current life and goals.
