Whether an estate plan is a good one depends on whether it properly coordinates your personal circumstances with applicable laws, which have been changing frequently in recent years, so it is a good idea to take a fresh look at your estate plan, according to the Dunwoody Crier in "Estate Planning 2018."
Estate planning is extremely sensitive to tax laws and regulations that have been changed frequently in the last decade. When an estate planning attorney helps a client create a plan, the attorney should draft a plan that is the best one possible to address the client’s circumstances and accomplish the client's goals under the current laws. However, when circumstances and laws change, it means that previous estate plans are probably no longer the best way to do things. In fact, sometimes techniques that were common and appropriate in the past may be penalized by current laws.
What that means for estate planning is that your Will is a time sensitive document. When your Will was written, it was prepared under the assumption that you would pass away before your circumstances, or applicable laws, changed in a meaningful way.
An experienced estate planning attorney can advise you if your estate planning documents fit your current circumstances, including current laws.
Reference: Dunwoody Crier (March 27, 2018) "Estate Planning 2018."