Estate Plan Check-Ups: Don’t Just Set It and Forget It

Like your preventive doctor visits, you should regularly check in on your estate plan to ensure it’s in good shape for when it’s needed.

A stethoscope sits on top of paperwork and next to a calculator.
(Image credit: Getty Images)

In the world of financial planning, an often talked about aspect is estate planning. Estate planning can mean many different things.

For most people, it involves creating a last will and testament, possibly a revocable trust and important advanced directives such as a power of attorney and a designation of health care surrogate. Creating an estate plan, or “getting your affairs in order,” tends to be an item on a person’s to-do list. And like other items on a to-do list, the goal is to just get it done and move on to the next thing. However, while it may not be something you have to look at every week, or every month, once an estate plan is completed, it is something that needs to be reviewed with some regularity.

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Justin Stivers, Esq.
Estate Planning Attorney, Stivers Wealth

Justin B. Stivers was born in Florida but raised in Knoxville, Tenn. He pursued his undergraduate education at Appalachian State University in Boone, N.C. After graduating, Justin served three years in the United States Peace Corps, living in a rural coffee farming community in Honduras. This experience not only enriched his life but also helped him become fluent in Spanish. Upon completing his service in Honduras, Justin attended law school at the University of Miami in Miami, Fla. He lived in Miami for the next 15 years, during which he built a successful estate planning law firm. In this role, Justin helped families plan for their futures, feeling a sense of accomplishment and service.