Let's Wrap This Up!

If you went through a major life event in 2025, the coming year may be a good time to review and update your existing estate plan. A major life event could include a move out of state, marriage, divorce, birth of a child, or loss of a loved one resulting in an inheritance. Taking the time to review the below considerations after a significant life change can minimize confusion and complications that could result from an outdated estate plan:

• Is your executor still the best-suited individual in your life for managing your estate after you pass?

• Are the primary and contingent beneficiaries named on your accounts and life insurance policies up to date?

• Has the loss of a loved one impacted your power of attorney, beneficiary, or guardianship appointments?

• If you moved out of state, do your documents need to be updated to your current state’s laws?

• Is the guardian you selected for your children still your top choice to fill this role?

• Should you utilize a trust to provide an income stream to loved ones without turning over control of assets?

This comprehensive piece from JD Supra highlights these and several other helpful tips to keep your estate plan up to date.

Wishing everyone a safe and happy holiday season, and all the best in the new year to come!