How-Often-Should-I-Review-My-Estate-Plan-1How frequently you should review your estate plan depends on how old you are and whether there has been a significant change in your circumstances. If you are over age 60 and you haven't updated your estate plan in many decades, it's almost certain that you need to update your documents. After that, you should review your plan every five years or so. But if you're younger, you don't need to do so nearly as often.


Here are a few age ranges and what they mean in terms of estate planning:

18-30   Everyone needs a durable power of attorney, health care proxy and HIPAA release so that they have people they choose to step in and make decisions for them in the event of incapacity.

30-40   Once you begin accumulating assets, get married, and have children, it's important to create an estate plan to care for your loved ones in the event of your death. It also can't hurt to update your durable power of attorney, health care proxy and HIPAA release, since the people you may have appointed at 18 (your parents?) may not be the people you want in these roles at 35.

40-60   Unless there's been a change in your circumstances, and assuming you've set a good plan in place during your 30s, you probably don't need to review your estate plan during your 40s and 50s.

60-70   Once you've hit your 60s, it's time to take a look. Your children are probably grown. You may have grandchildren. And, hopefully, you've accumulated some wealth. The people you appointed to step in in the event of incapacity when you were 35 may not be in a position to assist when you're 65. You may have retired or are contemplating doing so. And, unfortunately, the chances of disability or death increase with every year.

70+   Now it's time to review your plan every three years or so. Changes happen -- to your health and that of your loved ones, to the tax laws, to the programs supporting long-term care or disability care. It's important to have a plan in place and to adjust it as circumstances change.

Change in Circumstances

While the timeline above outlines when you should review and perhaps update your estate plan, it needs to be supplemented by the following potential changes in circumstances that would warrant a review of your plan to see if it still meets your goals and needs:

  • Marriage. You're likely to want your assets to go to your spouse and to name him or her to be your agent in the event of incapacity.
  • Divorce. Likewise, if you get divorced, you probably won't want your assets to go to your ex-spouse or to rely upon him or her to step in if you were to become incapacitated.
  • Children. Once you have children, you'll want to provide for them and to name someone to step in as guardian in the event of your death or incapacity and that of their other parent, if any. Generally, once you have a plan in place you do not have to update it unless you have more children.
  • Disability. If you or someone who would inherit from you becomes disabled, you will need to plan to protect and manage your assets, whether for yourself or for your beneficiaries.
  • Wealth. If you accumulate sufficient assets to exceed the thresholds for state and federal estate taxes -- $11.4 million federally -- you may want to plan to reduce or eliminate such taxes.
  • Moving. If you move to a new state or country, it will be important to have your estate plan reviewed to make sure it works in the new jurisdiction.

In short, until you reach age 60 or 70, reviewing your estate plan every five years probably is overkill. But do so whenever you have a change in circumstances such as those listed above. If you're over 60 and haven't updated your estate plan in many years, now's the time. Then, having a review every five years is definitely a good rule of thumb.






40-60 除非你的情況發生了變化,並假設你在30多歲時制定了一個很好的計劃,那你可能不需在40多歲和50多歲時審查你的資產計劃。

60-70  一旦你到了60歲,是時候看一看了。你的子女可能都已長大了。你可能有孫子。而且,希望你已經積累了一定的財富。在你35歲時您所指定的人在您沒有能力的情況下介入可能無法在你65歲時提供幫助。你可能已經退休或正在考慮退休。而且,遺憾的是,殘疾或死亡的可能性每年都在增加。

70+  現在是時候每三年審查一次你的計劃了。變化發生了 -- 您跟您家人的健康, 稅法,長期護理支援方案或殘疾護理計劃。制定計劃並隨著環境變化進行調整是非常重要。



  • 婚姻。您可能希望將您的資產轉給您的配偶,並在無行為能力時將其命名為您的代理人。
  • 離婚。同樣,如果你離婚,你可能不希望把你的資產給你的前配偶或如果你變得無能為力時他們會成為您的代理人。
  • 子女。一旦你有了子女,你便會想供應給他們,並且在你去世時或喪失工作能力時可以指定某人作為監護人。通常來說,一旦您制定了計劃,您無需更新計劃除非您有更多子女。
  • 喪失能力。如果您或您的繼承人失去行為能力,您需要計劃來保護和管理您的資產,不管是為您自己還是為您的受益人。
  • 財富。如果您積累足夠的資產以超過州和聯邦遺產稅的門檻 - 聯邦政府1140萬美元 - 您可能希望減少或消除此稅收。
  • 遷移。如果您搬到別的州或國家,檢查您的資產計劃是重要的,以確保它在新的司法管轄區下仍然有效。