Creating a will or trust is one of the most important steps you can take to protect your loved ones and secure your legacy. But many people mistakenly believe that once these documents are signed, the job is complete. In reality, life changes, and your estate plan should change with it.

Working with a Broken Arrow estate planning attorney, such as one from Helton Law Firm in Oklahoma, ensures that your will or trust remains up-to-date and reflects your wishes as your circumstances evolve.

Why Updates to Your Wills or Trusts Are Necessary

An estate plan is meant to serve as a roadmap for your family and beneficiaries. If it doesn’t reflect your current life situation, it can cause confusion, disputes, or even legal challenges. Updating your will or trust keeps your plan relevant to your assets, relationships, and goals while also accounting for changes in the law.

Key Life Events That Trigger Updates

Several life events should prompt an immediate review of your estate plan, including:

  • Marriage or Divorce: Adding a new spouse or removing an ex-spouse.

  • Birth or Adoption of a Child or Grandchild: Ensuring they are included as heirs.

  • Death of a Beneficiary or Executor: Replacing named parties to avoid gaps.

  • Major Financial Changes: Buying property, starting a business, or receiving an inheritance.

  • Relocation to a New State: Different state laws may affect validity and tax obligations.

  • Health Concerns: Adding healthcare directives or long-term care provisions.

A General Rule of Thumb for Updating Your Estate Plan

Even without major life events, it is wise to review your estate plan every three to five years. Laws change, financial circumstances shift, and family dynamics evolve. Regular check-ins with your estate planning lawyer can help you identify areas where adjustments are needed and keep your documents legally enforceable.

Risks of Not Updating Your Will or Trust

Neglecting updates can have serious consequences. Assets may not go to the intended beneficiaries, outdated executors may be unable to serve, or conflicts may arise among family members. In some cases, failing to update a will or trust can even result in lengthy and costly litigation (i.e., the probate process) that undermines your original intentions.

Why You Should Work with an Estate Planning Lawyer

Your will or trust is not a “set it and forget it” document. As life changes, so should your estate plan. Experienced estate planning attorneys do more than draft paperwork; they bring valuable insight into tax laws, probate procedures, and asset protection strategies while ensuring your plan reflects your long-term goals. Regular reviews and timely updates help protect your family, assets, and legacy.

If it has been years since your last update, or if you’ve recently experienced a major life change, now is the time to act. Contact a Helton Law Firm estate planning lawyer in Broken Arrow to keep your plan current and effective.