- Any major life event, such as marriage, divorce or birth of a child, should cause you to look over your will and update it accordingly.
- If state laws change where you live that affect estates, taxes, trusts, wills and other elements of estate planning, then you should review your entire estate, including the will.
- If any of your listed beneficiaries have passed away, or if you have had a significant or permanent “falling out” with any of your beneficiaries, then you should review your will.
- If your children reach the age of 18 or if any legal statuses change in terms of guardianships or trustees, then you should update your will.
- If you acquire a significant asset or if you have a substantial change in your income (whether it is an increase or decrease), then you should update your will.
Source: FindLaw, “Checklist: Reasons to Update Your Will & Estate Planning Documents,” Accessed April 13, 2017