What should you focus on during your estate plan review?

On Behalf of | Mar 25, 2021 | Estate Planning

The idea of reviewing your estate plan may seem daunting at first. After all, it likely took you a lot of time and effort to create it in the first place. Estate plans are often complex and involve a lot of moving pieces, making review difficult.

But fortunately, reviews do not have to be this way. There are tactics you can employ to make the process easier and faster.


Forbes talks about what to focus on during your estate plan review. The first thing to do is break down the most important components. Once you have that, you can slowly focus on each one. But the first component you should pay attention to is the people.

People includes beneficiaries and figures designated to help you in your end-of-life stages. Beneficiaries benefit from your estate in some form after your death. They may receive an inheritance from your will, or they could get funds from a trust. Beneficiaries come and go as your life changes, so you want to keep your estate plan updated, too.

Crucial figures

Some examples of people who may help in your end-of-life stages include a power of attorney and a healthcare proxy. These people are vital to how smoothly matters go at your life’s end, and whether or not they go in accordance with your wishes. Thus, you want to ensure that you are on the same page.

You can move on to other areas of your estate plan after handling the people, such as reviewing your will or trust. By prioritizing this way, you can tackle more with less stress.

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