Written by: Christopher N. McGann, Esq.
Updating your estate planning documents is something that should be done periodically throughout life. How often and to what extent depends on each person’s circumstances. There are several material changes in life that quickly come to mind when evaluating whether to update a will, including:
- Marriage (and subsequent marriages)
- Child or grandchild born
- Receipt of a substantial cash windfall
- Change in tax laws
- Desire to disinherit someone
While the above are prudent reasons to revisit your estate plan, there are other occurrences in life which may warrant sitting down and taking another look at your estate planning documents.