October is National Estate Planning Month, a perfect reminder of the importance of regularly reviewing and updating your estate plan. Many Michigan families initially believe that setting up an estate plan once is enough. However, life changes constantly, and these shifts—whether joyful or challenging—can have a major impact on your wishes and the future of your loved ones.

 

At Casterline Law Office in St. Clair Shores, MI, we help families throughout Macomb County, Grosse Pointe, and surrounding areas keep their estate plans current. Here are seven reasons you should revisit your estate plan this month.

1. Life Events

Significant life changes—such as marriage, divorce, childbirth, adoption, or the loss of a loved one—can dramatically affect your estate plan. These events may alter your preferences regarding inheritance, guardianship, or asset distribution, making updates essential.

2. Financial Changes

If you’ve experienced major financial changes, like starting a new job, purchasing real estate, or launching a business, it’s time to reassess your plan. Updating your estate planning documents ensures your assets are distributed correctly and your growing wealth is protected.

3. Relocation

Moving to another state or even a different part of Michigan can impact your estate plan. Each state has its own legal requirements, and your documents must comply with the laws where you live. If you’ve recently relocated, a review is essential.

4. Beneficiary Designations

Over time, relationships and priorities change. It’s crucial to verify that the beneficiaries named in your estate plan accurately reflect your current wishes. Keeping these designations up to date prevents disputes and ensures your assets go where you intend.

5. Health Issues

Changes in your health or the health of your loved ones may require updates to your healthcare directives or powers of attorney. These documents must reflect your current needs and trusted decision-makers.

6. Tax Law Updates

Tax laws at the state and federal level can change, creating new obligations or opportunities. An updated estate plan can help reduce taxes and take advantage of strategies that preserve your legacy.

7. Regular Reviews

Even without major life changes, it’s a good idea to review your plan every three to five years. Small updates now can prevent big problems later, ensuring your plan remains accurate and effective.

Take Action This National Estate Planning Month

Refreshing your estate plan doesn’t have to feel overwhelming. At Casterline Law Office, we make the process simple and stress-free. Our experienced estate planning attorneys will guide you through every step, making sure your plan reflects your current life, wishes, and goals.

📍 Conveniently located in St. Clair Shores, MI, we proudly serve clients across Macomb County, Grosse Pointe, Clinton Township, and surrounding Michigan communities.
📞 Call us today at 586-493-0400 or visit casterlinelaw.com to schedule a consultation.

This National Estate Planning Month, give yourself and your family peace of mind by ensuring your estate plan is up to date and ready for the future.