When to review your estate plan
Your life circumstances are bound to change over time, which could affect your estate plan. Think of estate planning as an ongoing process – not a one-time event.
Life events that can affect your estate plan
Not every change in your life will require a change to your estate plan, but consider reviewing it if any of these life changes occur:
- marriage or common law partnership
- birth or adoption of a child
- separation or divorce – of you or a family member
- death of a spouse, family member or executor
- move to another province or out of country
- major change in financial or business situation (such as an inheritance or bankruptcy).
Your wishes may change over time, even if no life events have occurred. It’s worth reviewing your estate plan every few years to confirm that it still reflects your wishes.