How often should I review my estate planning documents?

Estate planning documents should not be considered permanent.  Changes in the law, family dynamics, and intentions all justify a review, and likely modifications, to Wills and powers of attorney.  Generally, estate planning documents should be reviewed every five years or when changes dictate. Common life changes for both author and beneficiary that necessitate a review of documents include:

  1. Birth, death, marriage, divorce, or onset of a disability 
  2. Large increase or decrease in net worth 
  3. Purchase or sale of a business
  4. Change of residence to another state

About Richard Bryson

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Richard S. Bryson has over 20 years of experience with trusts, estates, business formation and representation, asset protection, incapacity planning, elder law and tax planning.

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