Every person who has an estate plan prepared should understand it is not a “one and done” task. As a general rule, it is recommended that you update your estate planning documents every three to five years. In between those updates, you should regularly review the documents. At least once a year, in case there has been a major life event; marriage, divorce, birth, death, significant change in assets, etc. Any time you have one of those major life events, you should have your estate plan updated. Changes in the law, significant changes to your business affairs or investment structure, or changes in your beneficiaries or executors should also trigger an estate plan update.