It’s Planning Season: Why Now Is the Right Time to Review Your Estate Plan

What Does “Planning Season” Really Mean?

Planning season is the intentional time to review your legal, financial, and legacy decisions before an emergency forces those decisions on your family. It’s about being proactive instead of reactive.

If it has been more than a few years since you reviewed your estate plan, there’s a good chance something needs updating.

Life Changes That Signal It’s Time for a Review

You should revisit your estate plan if you’ve experienced any of the following:

• Marriage, divorce, or remarriage

• Birth or adoption of a child or grandchild

• Purchase or sale of real estate

• A significant increase or decrease in assets

• Starting or selling a business

• Changes in health or caregiving needs

• A move to a different state

• Changes in tax or estate planning laws

Even positive life events can unintentionally create gaps in your plan if they’re not addressed.

What to Review During Planning Season

A planning season checkup typically includes:

1. Your Will or Trust

Confirm that your assets will pass to the right people, at the right time, and in the right way. Outdated provisions can cause confusion, delays, or unintended consequences.

2. Beneficiary Designations

Retirement accounts, life insurance, and payable-on-death accounts often override your will. These should be reviewed carefully and updated when needed.

3. Guardianship Decisions

If you have minor children, your guardianship choices should reflect your current family dynamics and values.

4. Powers of Attorney & Healthcare Directives

Make sure the people you’ve chosen can still act on your behalf—and that your wishes are clearly stated.

5. Tax and Asset Protection Strategies

Changes in state or federal law may create new planning opportunities or risks you didn’t have before.

The Cost of Waiting Too Long

An outdated estate plan can result in:

• Assets going to the wrong beneficiaries

• Family disputes

• Unnecessary probate or court involvement

• Higher taxes and administrative costs

• Delays during an already emotional time

Planning season helps prevent these issues before they arise.

Planning Is a Gift to Your Loved Ones

Estate planning isn’t just about money—it’s about clarity, peace of mind, and protecting the people you care about most. A well-maintained plan reduces stress, preserves relationships, and ensures your wishes are honored.

Make Planning Season a Habit

Think of estate planning as an ongoing process, not a one-time event. A simple review every few years—or after major life changes—can make all the difference.

Now is the right time.
Because when planning is done intentionally, your legacy stays protected.