Creating an estate plan is one of the most important steps you can take to protect your loved ones, safeguard your assets, and ensure your wishes are carried out. But many people make the mistake of thinking estate planning is a “one and done” process. In reality, an estate plan should evolve alongside your life circumstances, financial picture, and even changes in the law. 

So, how often should you update your estate plan? The short answer: whenever you experience a significant life event, and at minimum, every three to five years. 

Life Events That Trigger an Update 

Certain milestones or life changes should prompt a review of your estate plan right away. Some of the most common include: 

• Marriage or Divorce – Your plan should reflect your current marital status and protect both you and your spouse (or remove a former spouse if appropriate). 

• Birth or Adoption of a Child or Grandchild – Adding a new family member often means updating guardianship provisions, beneficiaries, and trust arrangements. 

• Death or Incapacity of a Beneficiary or Executor – If someone named in your plan passes away or can no longer serve, it’s important to revise your documents. 

• Significant Financial Changes – Buying or selling property, receiving an inheritance, or starting a business may all require updates. 

• Relocation to Another State – Estate planning laws vary by state, so a move may impact the validity of your documents. 

Regular Check-Ins 

Even if no major life events occur, it’s wise to review your estate plan every three to five years. Tax laws, estate laws, and probate rules can change, and regular check-ins with your attorney help ensure your plan continues to meet your needs. 

Why Updating Matters 

Failing to keep your estate plan current can create confusion, increase legal costs for your heirs, or even result in outcomes that don’t reflect your wishes. For example, an outdated plan may leave out a child born after the documents were created, or it might name an executor who is no longer able to serve. 

Keeping your estate plan up to date helps ensure: 

• Your assets go where you want them to go. 

• The right people are making decisions on your behalf if you’re unable to. 

• Your family avoids unnecessary stress and conflict. 

Partner With an Experienced Estate Planning Attorney 

Estate planning is not just about drafting documents—it’s about creating a flexible plan that adapts as your life changes. At Lagerlof, our attorneys guide clients through both the initial planning process and ongoing updates, helping ensure their estate plans remain effective for years to come. 

If you haven’t reviewed your estate plan in the past few years—or if you’ve experienced a major life change—now is the perfect time to schedule a review. 

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*This blog is intended for informational purposes only and does not constitute legal advice. For specific legal guidance, please consult with a qualified attorney.