How Often Should I Update My Estate Plan?

How Often Should I Update My Estate Plan? Creating an estate plan is an important first step—but maintaining it over time is just as important. Changes in your health, finances, family dynamics, and even where your loved ones live can all impact whether your estate plan continues to reflect your wishes and accomplish your goals. In this episode of **Wealth and Wisdom with Irina**, estate planning attorney Irina Shea discusses how often you should review your estate plan and the life events that may signal it's time for an update. Topics discussed include: • General guidelines for how often an estate plan should be reviewed • Why Powers of Attorney should not be allowed to become stale • How changes in your health or potential incapacity may affect your planning needs • Why changes in wealth or assets may warrant revisiting your estate plan • How moving to another state can impact your estate planning documents • The importance of reviewing your chosen Executors, Trustees, Agents under Power of Attorney, and Health Care Representatives over time • Why changes in your family's circumstances may make different fiduciaries more appropriate • How periodic estate plan reviews can help ensure your documents continue to reflect your wishes Estate planning is not one-size-fits-all. Regularly reviewing your estate plan can help provide peace of mind and ensure your loved ones are protected as life changes. To learn more or schedule a complimentary consultation, visit https://www.irinashea.com/our-process To download our companion PDF handout, click here: https://cdn.b12.io/client_media/GZ0cj... Disclaimer: This video is provided for educational purposes only and does not constitute legal advice. Viewing this video does not create an attorney-client relationship. Please consult with an attorney regarding your specific circumstances.