Creating an estate plan is a huge step — but creating one and never updating it can cause serious problems.
Life changes, laws change, and family dynamics change. An estate plan should evolve with you.
When should you review your estate plan?
You should review your documents after:
Marriage or divorce
Birth or adoption of a child or grandchild
Death of a beneficiary or executor
Significant health changes
Major financial changes
Moving within Massachusetts or relocating to Vermont.
Why outdated estate plans are dangerous
Outdated estate plans may:
Name people who should no longer be involved
Exclude new family members
Create unintended tax consequences
Fail to comply with current laws
Conflict with how assets are now titled
In some cases, an old plan can be worse than having no plan at all.
“Nothing’s changed” — or has it?
Many people believe nothing significant has changed — until they look closely:
Children grow up
Relationships evolve
Health shifts unexpectedly
Financial accounts change
A simple review can often identify issues before they become problems.
How often should you review your estate plan and will?
A good rule of thumb:
Every 3–5 years
Or immediately after a major life event
This applies whether you live in Natick, Framingham, Longmeadow, Northampton, or across Vermont.
If you have questions or would like help reviewing or updating your estate plan, we’re happy to help. Give us a call at 508-202-1818.