The new year is a time for fresh starts, setting goals, and decluttering our lives. While we often focus on physical clutter, it's just as important to review and update our legal and financial affairs, especially our estate plans. Just like fashion and technology, estate plans can become outdated, failing to reflect our current circumstances and wishes. So, as you're making your New Year's resolutions, consider this crucial one: reviewing and updating your estate plan. Why Update Your Estate Plan? Life is full of changes, both big and small. These changes can significantly impact your estate plan, potentially leading to unintended consequences if it's not kept up-to-date. Here are some key life events that necessitate a review: Marriage or Divorce: Marriage creates new legal ties and implications for inheritance. Conversely, divorce severs those ties and requires adjustments to beneficiaries and asset distribution. Failing to update your plan after these events could ...