How Often Do I Need To Review My Estate Plan? Legacy Assurance Plan Of America Make Sure It Stays Sound By Managing It At Regular Intervals.
Mostly people review their estate plan at a regular frequency, often when people review their whole financial plan including taxes strategies. This can be done annually, semi-annually, or quarterly; for estate planning specifically, the general recommendation is at least every three to five years or when there is a life event. You may want to get your attorney or tax advisor’s help.
In addition to regular reviews, it’s a good idea to review and update your plan at life events including
Events that Should Lead You Get an Estate Plan Review
Getting Married and its Impact on Estate Planning
Change in your life or long-term care insurance coverage
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