Updating your estate plan

Any of the following events could result in a need to change your estate plan:

• Purchase of additional life insurance
• Change of beneficiary designation for a pension or profit sharing plan in which you were already enrolled
• Participation in a new pension or profit sharing plan
• Purchase of additional real estate
• Substantial increase or decrease in wealth (for example, by inheritance)
• Birth of a child
• Divorce
• Marriage
• Retirement
• Moving to a new state
• Death or permanent disability of a family member
• Taking on financial responsibility for an adult family member
• Execution of substantial financial guaranties for a third party
• Acquisition or disposition of S corporation stock
• Establishment or dissolution of a family business