Maintaining Your Estate Plan

Congratulations, you made an estate plan! You put your paperwork in order, you made your goals and wishes clear, and you have documented and signed your plan.

Now what?

Your estate plan is your guide for your wishes, so make sure your documents continue to reflect your wishes through the years. From Fifth Third Bank,

Your trust and estate plan should evolve as your life changes. Major life events, such as marriage, divorce, the birth or adoption of a child, significant changes in wealth or the purchase or sale of property, are key times to review and update your plan. Even without a major event, it’s best practice to revisit your estate plan every three to five years to ensure it reflects your current goals. When making updates, involve all relevant parties to maintain alignment and avoid gaps: typically your spouse, children, estate planning attorney, accountant, wealth management advisor and trust advisor. This collaborative approach ensures everyone is informed and your plan remains comprehensive and effective.

At Lubnau Law, we recommend you check in with us annually to make sure your estate plan is up-to-date. We also review state and federal laws regularly to make sure our clients know if there are changes in tax or estate laws that will affect their estate.

Contact us today to start your estate planning journey.