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When to Update an Existing Estate Plan

Completing an estate plan generally provides individuals with a sense of relief and accomplishment knowing that their wishes and desires with respect to medical and financial decision making, as well as asset distribution are represented in black and white. However, most people take a set it and forget it approach meaning that once their planning is completed, they are under the misconception that it should not be reviewed or addressed at a later date. In a perfect world, estate plans should be reviewed and updated (if necessary) on a regular basis. The following life events or changes in circumstances may require an update of your estate plan:

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