• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and Staff Profiles
  • Services
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Elder Law
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veterans Benefits
  • Seminars
  • Areas We Serve
    • Ballwin
    • Chesterfield
    • Clayton
    • Creve Couer
    • Des Peres
    • Edwardsville
    • Fenton
    • Glen Carbon
    • Glendale
    • Kirkwood
    • Maryland Heights
    • Oakland
    • Sappington
    • St. Louis
    • Sunset Hills
    • Valley Park
    • Webster Groves
  • Resources
    • Asset Protection Worksheet
    • Elder Law Resources
      • Chesterfield Elder Law
      • Fenton Elder Law
      • Kirkwood Elder Law
      • Sunset Hills Elder Law
      • St. Louis Elder Law
      • St. Peters Elder Law
      • Webster Groves Elder Law
    • FREE Estate Planning Seminars
    • FREE Estate Planning Worksheet
    • Frequently Asked Questions
      • Estate Planning
      • Families Without an Estate Plan
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Trust Administration & Probate
    • Is Your Estate Plan Outdated?
    • Medicaid Resources
    • Multimedia
    • Newsletters
    • Presentations
    • Pre Consultation Form
    • Probate Checklist
    • Probate Resources
    • Retirement Planning Checklist
    • Special Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning For Niches
      • Trust Administration
  • Reviews
    • Our Reviews
    • Review Us
  • Blog
  • Contact Us

Amen, Gantner & Capriano | Your Estate Matters, L.L.C.

St. Louis Estate Planning & Elder Law Attorneys

Logo
CONNECT WITH US TODAY (314) 966-8077
ATTEND A FREE WEBINAR
Home / Estate Planning / Top Five Reasons to Review and Revise Your Estate Plan Now

Top Five Reasons to Review and Revise Your Estate Plan Now

May 26, 2015

Estate Planning

If you already have a comprehensive estate plan in place you are ahead of the majority of the people in the United States with regard to protecting yourself, your loved ones, and your assets; however, you cannot “rest on your laurels” if you want to be certain everyone and everything is protected. In fact, your estate plan can actually cause more problems than it solves if you fail to review and revise your plan on a regular basis and when intervening events prompt the need for an update. So how do you know when your estate plan needs to be reviewed? Consider the following top five reasons to review ad revise your estate plan:

  1. You have not done so in over three to eight years. There is no hard and fast rule about how often you should review your estate plan in the regular course of events; however, a good rule of thumb is every three to five years while you are still in your working years and five to eight years during your “Golden Years.”
  2. There has been a marriage or divorce in the family or among beneficiaries. Both marriage and divorce can have a significant impact on an estate plan. Your own marriage or divorce will likely prompt you to review your plan; however, people often forget that the marriage or divorce of a beneficiary is also cause for an estate plan update.
  3. There has been a birth or death. As with marriage and divorce, you may think to review your plan when there is birth or death among beneficiaries; however, the death of a Trustee, Executor, Guardian, or anyone else who holds and appointed position within your plan is also cause for a review.
  4. There has been a change in the law or in your state of residence. State laws govern many estate issues. Therefore, if your state of residence changes, or there is a change is state or federal law that impacts your plan, you need to update the plan accordingly.
  5. Your assets have significantly changed. A well drafted estate plan will account for changes in your assets up to a point; however, if you experience a significant change in your asset portfolio, such as winning the lottery or inheriting a substantial amount of money, you need to review and revise your estate plan.

If you need to review and revise your estate plan, or create a new one, contact the experienced Missouri estate planning attorneys at Amen, Gantner & Capriano, Your Estate Matters, LLC by calling (314) 966-8077 to schedule an appointment.

  • Author
  • Recent Posts
Paul Gantner
Latest posts by Paul Gantner (see all)
  • The Power in Powers of Appointment - June 15, 2022
  • The Toll of Serving as Fiduciary - June 9, 2022
  • What an In Terrerem Clause Can Do for You - June 1, 2022

Filed Under: Estate Planning

Other Articles You May Find Useful

The Power in Powers of Appointment
The Toll of Serving as Fiduciary
What an In Terrerem Clause Can Do for You
Business Succession Planning May Be Easier than You Think
Just When You Thought You Understood the 10-Year Rule, Think Again
Application of the Transfer for Value Rule to the Sale of Life Insurance

Primary Sidebar

Download our free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • twitter
  • linkedin
  • youtube

Blog Subscription

  • This field is for validation purposes and should be left unchanged.

Where We Are

Amen, Gantner & Capriano
10733 Sunset Office Drive, Suite 425
St. Louis, MO 63127

See Larger MapGet directions

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 12:00 PM

Map

map for Amen, Gantner & Capriano Your Estate Matters office
  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Footer

Connect to us

  • Facebook
  • twitter
  • linkedin
  • youtube
footer-logo

© 2022 American Academy of Estate Planning Attorneys, Inc.

Amen, Gantner & Capriano,
Your Estate Matters, LLC

Attorney Advertisement