5 Signs It’s Time to Review Your Estate Plan Before the Holidays
The holiday season is a time for family, reflection, and gratitude. It’s also the perfect time to make sure your estate plan still reflects your life today—not the way it looked five, ten, or twenty years ago.
At Pettis Webber Pacific, we recommend that families in Washington and Oregon review their estate plans every 3–5 years—or sooner if major life changes occur. Here are five signs it may be time for you to update yours before the holidays.
1. Major Life Events in the Family
Marriage, divorce, the birth of a child, or the death of a loved one can all affect your estate plan. If your documents don’t reflect these changes, your assets may not end up where you intend—or worse, your loved ones may face costly disputes.
2. A Move Between States
If you’ve relocated between Washington and Oregon, or to Washington or Oregon from another state, your plan may not comply with state-specific laws. Differences in probate, community property, and health care directives or advance directive rules can have big consequences if your plan isn’t updated.
3. Financial Changes
Bought or sold a home? Started a business? Received an inheritance? Your estate plan should reflect your current financial picture—not the one you had years ago.
4. Outdated Fiduciaries
Is the person you named as executor, trustee, or agent under power of attorney still the right fit? Life changes—like distance, health, or strained relationships—may mean it’s time to choose someone else.
5. Changes in the Law
Estate and tax laws evolve, and so should your plan. An outdated document may no longer provide the protections or benefits it once did.
Why Update Now?
By reviewing your estate plan before the holidays, you can:
- Prevent family conflict
- Protect against unexpected tax burdens
- Ensure your wishes are honored
Give your loved ones the gift of clarity and peace
Click here to schedule your year-end estate plan review with our team. It’s one of the most meaningful ways to prepare for the new year.