If you have a binder full of estate planning documents sitting in a file cabinet in your home or office, chances are you may be wondering if and when you should update those documents. Has there been a major change in your life since you prepared those documents? Did you get married? Divorced? Have a child? Come into a large fortune? If so, you need to update your estate plan. Even if there hasn't been a major change in your life, it is probably a good idea to review and update your documents every 10 years or so because your wishes may have changed since the last time you reviewed them.
Transcript
If you have a binder full of estate planning documents sitting in a file cabinet in your home or office, chances are you may be wondering if and when you should update those documents. Has there been a major change in your life since you prepared those documents? Did you get married? Divorced? Have a child? Come into a large fortune? If so, you need to update your estate plan. Even if there hasn't been a major change in your life, it is probably a good idea to review and update your documents every 10 years or so because your wishes may have changed since the last time you reviewed them.