Review your estate plan regularly to ensure it aligns with your goals from "summary" of The Tax and Legal Playbook by Mark J. Kohler
As you work hard to build your estate plan, it's crucial to remember that it's not a one-and-done process. Just like a car needs regular maintenance to keep it running smoothly, your estate plan also needs to be reviewed regularly to ensure it's still in line with your goals.
Life is constantly changing, and your estate plan needs to adapt to those changes. As you experience significant life events such as marriage, divorce, birth of children, or changes in financial circumstances, your estate plan may need to be adjusted accordingly. Failing to review and update your plan can result in unintended consequences that may not align with your wishes.
By regularly reviewing your estate plan, you can ensure that your assets are distributed according to your wishes, minimize taxes, and prot...
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