Discover the 11 Biggest Estate Planning Mistakes
Attorneys recommend reviewing estate plans every three to five years to ensure details such as trustees, executors, guardians, beneficiaries and healthcare agents are up to date. A review should be conducted sooner if there's a material change in circumstances in a client's life, such as divorce, or a change in tax law.
“What looked like a really good, solid plan 15 to 20 years ago may not do what you want later on,” Mr. Behrendt said.