Sara Dahlen | Sep 29 2025 15:00
October is National Estate Planning Month—a timely reminder to revisit and refresh your estate plans. Many of us crafted our estate plans long ago, believing they would perfectly fit our needs throughout our lives. Yet, as time marches on, circumstances change and your once carefully tailored plan may no longer serve your intentions as you originally thought. Let's explore seven compelling reasons to take a fresh look at your estate plan right now.
Financial Changes
Have you recently started a new job, received a promotion, or perhaps made a significant investment, like purchasing real estate or launching a new business? Financial changes like these can mean it's time for a tune-up to your estate plan to ensure it fits your current economic landscape.
Relocation
If you've moved to a different state, it's critical to reassess your estate plan. State-specific legal requirements and regulations may affect the validity or execution of your documents, requiring updates to ensure your plan remains intact.
Life Events
Significant life events—such as marriage, divorce, the birth or adoption of a child, or the death of a loved one—can drastically alter the dynamics of your life, meaning your estate plan might need editorial changes to remain relevant and reflective of your current wishes.
Beneficiaries
Regularly verify that the beneficiaries named in your estate plan align with your current relationships and intentions. It's essential to examine whether these designations still make sense, ensuring your assets are distributed as you wish.
Health Issues
Changes in health, whether personal or among your loved ones, might necessitate updates to healthcare directives or power of attorney arrangements. Such revisions help ensure that you have the right support and guidance in case your health situation demands it.
Tax Law Updates
Estate planning strategies could be altered by shifts in state or federal tax laws. Staying informed of these changes can help you capitalize on new opportunities while ensuring compliance with new obligations.
Regular Reviews
Even without major life changes, it's wise to revisit your estate plan every 3 to 5 years. Doing so ensures that the contents stay accurate and relevant to your life situation and any legal shifts. Updating your estate plan needn't be an overwhelming task. The peace of mind and clarity gained from knowing your plan reflects your current wishes is invaluable. I urge you to consider scheduling a consultation with a professional or begin reviewing your documents this month. Secure your intentions and provide for your loved ones by staying proactive.
