Many people review their estate plans at a regular frequency, often when they review their whole financial plan. This can be done annually, semi-annually, or quarterly; for estate planning specifically, we general recommend you review your estate plan every three or four years or when there is a major life event.

In addition to regular reviews, it’s a good idea to review and update your plan at major life events like:
* The birth or adoption of a new child or grandchild
* When a child or grandchild becomes an adult
* When a child or grandchild needs educational funding
* Death or change in circumstances of the guardian named in your Will for minor children
* Changes in your number of dependents, such as the addition of caring for an adult
* Change in your or your spouse's financial or other goals
* Marriage or divorce
* Illness or disability of your spouse
* Change in your life or long-term care insurance coverage
* Purchasing a home or other large asset
* Borrowing a large amount of money or taking on liability for any other reason
* Large increases or decreases in the value of assets, such as investments
* If you or your spouse receives a large inheritance or gift
* Changes in federal or state laws covering taxes and investments
* If any family member passes away, becomes ill, or becomes disabled
* Death or change in circumstance of your Personal Representative or Trustee
* Career changes, such as a new job, promotion, or if you start or close a business

Reviewing your plan at regular intervals in addition to major life events will help ensure that your legacy, both financial and otherwise, is passed on in accordance with your wishes and that your beneficiaries receive their benefits as smoothly as possible. If we can be of service to you, your family, friends, neighbors, or coworkers, give us a call at 253.858.5434 to set up an appointment today. We proudly serve clients throughout Washington and Idaho and are available to meet in person, by phone, or via Skype or FaceTime.