At the begining a new year is an excellent time to think about the changes in your situation over the past year. As you think about those changes, consider that some of them may affect your estate plan. For example, the following events may change the provisions of your will without any action of your part:
- Death of a heir;
- Divorce, marriage or separation'
- Birth, adoption or the establishment of a guardianship for any child of yours;
- Substantial change in your economic status; or
- Change of residence.
If any of these changes have occurred in your life, you should discuss what, if any, changes to your Will you should make so that your wishes are correctly and accurately known.