Life changes—and your estate plan should, too. Many people in Eastern Massachusetts, Dover, and Framingham complete their estate plans and then forget about them. But outdated documents can cause major issues later.
Key Times to Update Your Estate Plan
- Marriage or Divorce: Relationship changes require updates to beneficiaries, executors, and trustees.
- Birth or Adoption of a Child or Grandchild: New family members may need to be added as heirs or guardians.
- Moving to a New State: If you relocate from Massachusetts to Vermont, or vice versa, your plan should comply with local laws.
- Major Financial Changes: Buying or selling property in Longmeadow or Natick may require retitling assets in your trust.
- Health Changes: A new diagnosis may affect your care preferences or long-term planning goals.
Regular Estate Plan Review
Even without major life events, it’s wise to review your plan every three to five years. Tax laws and Medicaid rules change regularly in Central Massachusetts and the Pioneer Valley.
Why Estate Plan Updates Matter
Without updates, your estate plan may name outdated executors or omit important family members. Small oversights can lead to expensive probate disputes.
Life changes fast. Schedule a quick estate plan review at https://www.oconnelllawgroup.com/schedule-an-appointment/.