Your estate plan should be reviewed on a regular basis even if nothing occurs to prompt a review. While there is no hard and fast rule regarding the frequency with which your plan should be reviewed, scheduling a review every three years or so is best when you are under about age 40. The reason for this is that you are more likely to undergo major life changes during your 20s and 30s than you are later in life. Marriage, parenthood, career changes, and acquiring major assets such as a home are likely to happen prior to age 40, making it more important to review your estate plan often.
Topics covered in this report include:
- Estate Plan Objectives and Goals – What Your Plan Accomplishes
- Why Reviewing and Updating Is Crucial
- How Often Should You Review Your Plan?
- Events that Should Prompt a Review
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