Your estate plan is not a one-time task—it should evolve as your life and financial circumstances change. At The Law Office of Kevin Hancock, we help Colorado Springs families stay prepared by reviewing and updating their estate plans regularly.

When Should You Revisit Your Estate Plan?

You should review your estate plan every 3–5 years, or sooner if any of the following occur:

• Marriage or divorce
  
• Birth or adoption of a child
  
• Death of a named decision maker in your documents, other family member or beneficiary
  
• New real estate or business ownership
  
• Move to or from Colorado
  
• Changes in tax laws or estate planning regulations

An outdated estate plan can create confusion, lead to unintended consequences, including unintended or missed distributions, and even invalidate certain legal decisions. Keeping your plan up to date ensures your assets go to the right people and minimizes family conflict.

What Should You Review?

• Your will and any trusts 
• Powers of attorney and healthcare directives
  
• Beneficiary designations (life insurance, retirement accounts, etc.)
  
• Guardianship appointments for minor children

If you need to updated your Estate Plan, please reach out to our team at The Law Office of Kevin Hancock. We’re here to help you every step of the way