When and How to Change Your Estate Plan

Your estate plan is a snapshot of you, your family, and your assets at the time it was created. But people and situations change, and your plan will probably need to change, too.
You should change your plan any time it no longer does what you want. If you review it regularly, you will become very familiar with it and you will be able to keep it current with your life.

Here’s a checklist of events that could prompt a change in your plan.

Changes in Your Family Situation

You and Your Spouse

Your Children, Grandchildren, Parents, and Other Beneficiaries

Changes in Your Economic Situation

Outside Changes

Note: If you have a living trust, you do not need to change your trust when you buy and sell assets. But you do need to title newly acquired assets in the name of your trust.

How to Change Your Documents