Legislation

How long do I have to update my estate plan after new legislation passes?

There's typically no legal deadline to update your estate plan after new legislation passes, as existing documents remain valid. However, you may want to review your plan within 6-12 months of significant tax law changes to evaluate whether updates could provide better protection or tax advantages for your family. Some changes, like shifts in the federal estate tax exemption of $15,000,000, might create new planning opportunities that weren't available when you originally created your documents.