Life Changes, So Should Your Estate Plan
Estate planning isn't a one-time event. It's a process that should grow and change along with your life. As your family, finances, and goals shift over time, your estate plan should too. Whether you're creating your first will or wondering if it's time to update your trust, staying current is one of the best ways to ensure your wishes are honored and your loved ones are protected.
Why Updates Matter
A solid estate plan reflects your life today, not just the day it was signed. If you haven't reviewed your plan in a few years (or ever), you may be surprised by how outdated it has become. Even small changes in your life—or in Colorado law—can impact the effectiveness of your documents.
Life Events That Should Trigger an Update
While everyone benefits from estate planning, there are certain moments in life that make it especially important to review or revise your documents:
1. Marriage, Divorce, or Remarriage
Whether you’re newly married or parting ways, your estate plan should reflect your current relationships. That includes revisiting beneficiary designations, updating wills and trusts, and ensuring former spouses are no longer listed where they shouldn’t be. (For more information on prenuptial and postnuptial agreements, click here.)
2. Birth or Adoption of a Child or Grandchild
Welcoming a new child into your family? You’ll want to name a guardian in your will and consider how you want assets to be distributed for their care or future.
3. Blended Families
Do you or your spouse have children from a previous relationship? Updating your estate plan can help ensure that all family members are treated fairly and prevent future conflicts.
4. A Child Turns 18
In Colorado, once your child turns 18, you can no longer make medical or financial decisions for them. A simple medical and financial power of attorney can make sure you're still able to step in if needed.
5. Changes in Assets or Debts
If you buy or sell property, inherit money, or experience a financial setback, it may be time to revise your documents to reflect your current financial picture.
6. New Business Ownership
Starting a business adds a new layer to your estate. A clear succession plan ensures the business can continue operating smoothly.
7. Special Needs Planning
If a loved one becomes disabled or requires government aid, a special needs trust can protect their benefits while still providing support.
8. Moving to a New State
Estate planning laws vary by state. If you recently moved to Colorado, your previous documents may not meet local requirements.
Reviewing Your Plan with the Right Guidance
An estate plan should work for you—not against you. At Husson Law LLC, I help individuals and families across Colorado review, revise, and create estate plans that reflect their values, protect their loved ones, and minimize unnecessary legal burdens. If it’s been more than a few years since you’ve looked at your plan, or if you’ve experienced any major life changes, it might be time to take another look.
Let's Make Sure Your Plan Still Fits
Estate planning doesn’t have to be overwhelming. Whether you’re just starting or updating a long-standing plan, I’m here to help.
📞 Call 719-310-7221 or schedule a free consultation to review your estate planning needs.
