Most people's lives are not constant and are often affected by divorce, remarriage, additional children or additional assets, as well as many other changed circumstances as their lives unfold.
When life changes, estate plans normally need to be changed as well, according to Forbes in "Why Continuous Estate Planning Is Essential."
The more wealth that you have, the more often you will probably need to change your estate plan.
This is because your assets will grow, how you hold those assets will change, and tax laws will also change.
Nevertheless, it is not just the wealthy who need to constantly review and update their estate plans. Everyone should do so, whenever there is a significant change in their lives that should be reflected in an estate plan.
Examples of these changes include divorce, changes to the size or composition of your estate, a new child, a new higher paying job, a new grandchild and much more.
If you have not changed your estate plan recently, then you should have it reviewed by an estate planning attorney.
An experienced estate planning attorney can adjust your estate plan to fit the circumstances that develop in your life.
Reference: Forbes (Sep. 6, 2017) "Why Continuous Estate Planning Is Essential For the Rich and Super-Rich."