How Often Should I Review My Estate Planning?
As with any financial plan, it is important to review your estate planning regularly. Any significant life change, such as marriage or divorce, the birth of a child, or the death of a family member should trigger a review of your overall finances.
Even without major changes in your situation, it is important to re-evaluate your estate planning at least every five years.
Always consult with a financial adviser before making changes however, to be certain that you have taken all aspects of your revision into account, including any tax implications.