If you move, do you need a new estate plan?

On Behalf of | Apr 17, 2023 | Estate Planning

Florida’s mild climate is attractive to those who are sick of dealing with blustery winters. In fact, according to reporting from CBS News, nearly 320,000 Americans relocated to the Sunshine State in 2022 alone.

Whether you are moving across the country or only across the street, moving can be a hectic and stressful experience. Still, in addition to the moving-related tasks you must accomplish, you should not forget to review and update your estate plan.

Relocating to Florida

If you are new to Florida, reviewing and revising your estate plan should be high on your priority list. This is because estate planning is something that typically falls exclusively within the purview of state law. Indeed, to ensure the estate plan you completed in your previous state continues to be valid, you must be sure it complies with Florida’s laws, regulations and rules.

Relocating within Florida

If you are relocating within Florida, reviewing your estate plan is probably not so urgent. Nevertheless, it is usually advisable to revise your estate plan after a major life event. Because moving tends to accompany major life events, such as the birth of a child, it makes sense to read through and revise your estate plan shortly after settling into your new home.

You do not want to be in the unenviable position of dying with an estate plan that is either not current or not valid, of course. Ultimately, by timing your review and update to your move, you can be sure your estate plan says what you legally need and personally want it to say.