Spring is in the air! The flowers are blooming, the days are getting longer, and people everywhere are decluttering closets and deep-cleaning their homes. But have you thought about giving your finances the same fresh start? Just like your home, your estate plan needs an occasional refresh to make sure it’s still working the way you intended.

Life Changes, So Should Your Estate Plan

A lot can happen in a year (or several) that might impact your estate plan. Have you:

• Bought or sold property?
• Had a new child or grandchild?
• Experienced a major health change?
• Gotten married or divorced?
• Seen a shift in your financial situation?
• Had a falling out (or reconciliation) with a beneficiary or executor?

If you answered “yes” to any of these, it’s time to revisit your plan. Life happens, and your estate plan should reflect your current reality—not your past circumstances.

Dust Off Those Documents

Estate planning documents aren’t meant to be created and then forgotten. Over time, laws change, tax policies shift, and your own goals may evolve. Here are a few key things to check:

• Will & Trusts: Are your assets distributed the way you want? Do you need to add or remove beneficiaries?
• Powers of Attorney: Are the right people still designated to make financial or medical decisions if you’re unable?
• Healthcare Directives: Do your medical preferences still align with what’s in your documents?
• Beneficiary Designations: Have you updated retirement accounts, insurance policies, and bank accounts?

Avoid Costly Mistakes

An outdated estate plan can create unnecessary headaches, delays, and legal battles for your loved ones. Imagine thinking you’ve left everything in order, only for your family to find out that outdated documents cause confusion—or worse, that assets end up in the wrong hands. A simple annual review can help avoid these pitfalls.

Fresh Start, Fresh Peace of Mind

Spring symbolizes renewal and growth—perfect reminders to refresh your estate plan. It’s not just about tidying up; it’s about making sure you and your loved ones are protected, no matter what life brings.

So, while you’re tackling that garage or organizing your pantry, take some time to clean up your finances too. Your future self—and your family—will thank you!

Need help reviewing or updating your estate plan? Contact us today!