I have had multiple clients come to see me over the past several months because they need to update their wills. The wills were all at least 20 years old; they named family members as executors who had long since died or become incapacitated, they had complex trusts for children who were well into adulthood, or they named beneficiaries who were no longer in their lives.
It is so important to review your estate planning documents on a regular basis. I tell my clients to pull them out every two or three years; if it still fits your life, then put it away again, but if it doesn’t, you want to update it sooner rather than later.
An estate plan is a living thing. Having a will and powers of attorney is incredibly important; having them up-to-date is just as important.
