New Year, New Plan: Why an Estate Plan Refresh Should Be Your Resolution

As the new year begins, many of us commit to improving our health, organizing our homes, or setting financial goals. But here’s a resolution that often gets overlooked—and yet has lasting impact: refreshing your estate plan. 

If your plan hasn’t been reviewed in a few years, now is the perfect time to ensure it still reflects your life, wishes, and priorities.

Life Changes, Plans Should Too

Your estate plan isn’t one-and-done. Major life events—such as a marriage, divorce, birth of a grandchild, or the loss of a loved one—can shift your intentions. 

Even without big changes, your financial situation or family dynamics may have evolved. A quick review can help catch any outdated designations or gaps.

Update Beneficiaries and Fiduciaries

One of the most common oversights in estate planning is outdated beneficiaries on insurance policies, retirement accounts, or payable-on-death bank accounts. You should also review who you’ve named as your executor, trustee, power of attorney, and healthcare directive. 

Are they still the best choices?

Reflect New Goals and Values

The new year often brings a renewed focus on what matters most. 

Maybe you want to include charitable giving, support a family member with special needs, or create a plan that helps your grandchildren with education. A refresh is your opportunity to align your estate plan with your current values.

Account for Legal and Tax Updates

Estate and tax laws can change—and often do. A review ensures your plan complies with the most current rules and takes advantage of any new opportunities that may benefit you and your heirs.

In Summary

As you map out goals for the year ahead, don’t forget the resolution that can offer lasting peace of mind: refreshing your estate plan. 

It’s not just about documents—it’s about protecting what you’ve worked for and ensuring the people you care about are taken care of, no matter what the future holds.

Start the year strong by putting your plan in order. Your future—and your family—will thank you.

We are committed to educating and helping you protect what you have for the people you love the most. Schedule your free 15 minute Discovery Call with us to learn more about how we can help.