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When you're done with estate planning, you aren't done

We know: Estate planning is not a barrel of monkeys. It's serious, it can be daunting and it involves considering a lot of questions you'd probably rather not consider. But we also know estate planning is an important part of stabilizing the future for yourself and your loved ones, which is why we're always here to help you with those scary questions.

We're also here to help you through the ongoing aspects of estate planning. As much as you might like to rush through the process and be done with it for life, estate planning is not a one-and-done activity. The good thing is that, once you've done the hardest and biggest part of the work, you usually don't have to deal with an enormous amount of work in the future.

What you should keep in mind as you move forward after making an estate plan, however, is that life doesn't stay the same. If life doesn't stay the same, your estate plan probably shouldn't either. Major life changes definitely warrant at least a quick look back at your plans. If you get married, you're probably going to want to add your spouse to some things. If you get divorced, you might want to remove your ex-spouse from some things.

Other changes that mean a run through your estate plans can include the birth of children, the death of relatives, adopting a child or the birth or adoption of grandchildren. The changes don't have to add or subtract potential heirs, though. If you have a major change in health, you might want to reconsider your estate plans, particularly any living will health care power of attorney documents. Changes in your own financial situation could also warrant a review of your plans.

Source: Dummies.com, "When to Review Your Estate Plan," Aaron Larson, accessed March 25, 2016

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