How Often Should I Update My Will or Trust?

How Often Should I Update My Will or Trust?

When it comes to planning for the future, creating a Will or a living trust is a crucial step in ensuring your wishes are carried out after you’re gone. But simply creating an estate plan (whether a Will or a trust) isn’t enough. Life is constantly changing, and as such, your estate plan should reflect those changes to remain relevant and effective. So how often should you update your estate planning documents? Major Life Events A good rule of thumb is to review your estate planning documents after any major life event. This includes events such as marriage, divorce, the birth or adoption of a child, or the death of a beneficiary, trustee or executor named in those documents. Additionally, sometimes similar life-changing events in the…