Have you reviewed your estate plans lately? If not, don’t feel bad. Over 90% of the doctors we meet with for the first time through our Tax & Business Planning program haven’t either. As the new year begins, now’s a great time to make estate planning changes that can save your family millions.

Non-Tax Reasons for Change

You’ve likely got a myriad of non-tax reasons to make changes to your estate plan. Gotten (re)married or divorced? Had additional children or grandchildren? Or maybe you’ve changed your mind about how much to leave your children, or which, if any, charities you’d like to benefit. Any of these reasons will likely require changes to your will, trust(s), and other estate planning documents including retirement plan, IRA, and life insurance beneficiary designations.