Life rarely stays the same for long. Families grow, financial situations change, and personal relationships evolve. Because of this, an estate plan should never be viewed as a one-time task. It’s important to revisit and update your plan after major life events to ensure it still reflects your wishes and provides clear guidance for your loved ones. At Rhodes Law Firm, we help individuals and families take a proactive approach to estate planning so that their legacy is preserved and protected.

Below are some of the most common life events that signal it’s time to review and revise your estate plan and why doing so matters.

Marriage or Divorce

When you get married, your priorities and financial responsibilities typically shift. Many newlyweds choose to add their spouse as a beneficiary in their will or trust, update beneficiary designations on retirement accounts, and grant their spouse authority through powers of attorney or healthcare directives.

On the other hand, after a divorce it’s equally important to update your estate plan. If beneficiary designations are not changed, an ex-spouse may still inherit assets or retain control over healthcare and financial decisions. Failing to make updates after divorce is one of the most common estate planning mistakes.

Birth or Adoption of a Child

The addition of a child is one of the clearest reasons to review your estate plan. Parents should ensure guardians are named for minor children and consider how assets will be protected for their benefit. A trust is often a valuable tool in this situation, allowing you to specify when and how assets are used for a child’s education, healthcare, or support, rather than allowing them to receive everything outright at age 18.

Loss of a Loved One

The death of someone named in your will or serving in a role such as executor, trustee, or guardian means you’ll need to select and legally appoint replacements. This step prevents confusion and legal complications during estate administration.

Changes in Financial Situation

A new job, business ownership, significant inheritance, or other financial change can affect the structure and intent of your estate plan. More complex assets often require more strategic planning, especially when it comes to avoiding unnecessary taxes, protecting business interests, or preparing for long-term care needs.

Relocating to a New State

Estate planning laws vary from state to state. If you move, especially across state lines, it’s smart to have your documents reviewed by an attorney in your new state of residence. Even if the documents are technically valid, the legal language or execution requirements may need adjustment to ensure they function properly.

Regular Review Is Key

Even without major life events, reviewing your estate plan every three to five years is a good practice. Laws change, tax regulations shift, and your goals may evolve. Keeping your plan up to date provides peace of mind and prevents future burdens on your family.

If it’s time to update your estate plan, Rhodes Law Firm is here to help. Our attorneys work closely with clients to create and revise plans that reflect their values, protect their assets, and support the people they care about most. Contact us to schedule a consultation and ensure your estate plan stays aligned with your life today  and your legacy for tomorrow.