How often should I review my estate plan with my attorney?
How often you should have your estate plan reviewed depends largely on where you are in life:
In your 30s and 40s, every three to five years
In your 50s and 60s, every two to three years
In your 70s and above, every one to two years.
There also are life events that, when they occur, make it a good idea to contact your attorney to schedule an estate plan check-up, including:
Divorce (yours or a beneficiary of yours)
Death of a spouse
A substantial change in the size of your estate (for example, if you receive a large inheritance or win the lottery)
A move to another state
Death of any personal representative, trustee, guardian, conservator or beneficiary that you have named in your legal document
Birth or adoption
Serious illness of a family member
Changes in any business interests you may have
Change in your health
Change in your eligibility for life insurance
Acquisition of property in another state
Changes in tax, property or probate and trust law (if applicable to your estate)
A change in your attitude toward your beneficiaries
Any new financial responsibility.