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When to review your estate plan
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1 min. read

It's important to regularly review your estate plan to make sure that it reflects important changes in your life. Learn when to review and make changes to your estate plan.

Key takeaways
  • When circumstances change, it's time to review your plan.

You should review your estate plan at least once a year, and also when circumstances change.

Changes in your life

Review your plan when there are major changes in your life, such as:

  • Marriage
  • Birth of a child
  • Significant changes in the value of your assets
  • If you legally change your name
  • Other changes in life stage and circumstances, e.g. divorce, your child is no longer a minor

Changes to anyone mentioned in your Will

You will also need to review your estate plan in these situations:

  • Where a beneficiary passes away
  • If a named executor or trustee is unable to carry out their duties
  • If anyone mentioned in the Will legally changes their name
  • Death of your child's appointed guardian


If you want to ensure that your home loan is paid off in the event of your death, you could buy a mortgage reducing term insurance.

Last updated on 29 Mar 2023