Your existing will may no longer reflect your wishes as time passes. In general, you should review your estate plan every 3 to 5 years to ensure it still meets your needs and complies with new Texas and Federal laws. Many people review their estate plan at a regular frequency, often when they review their whole financial plan.
Major life changes such as death of a family member, divorce, birth of a child, collecting an inheritance, other changes in assets, moving to a new state or acquiring property in a different state often make reviewing your plan a very good idea.
You should also review your estate plan if you have changed your mind about who gets what in your estate, or who your estate representative, guardian for your children, trustee or power of attorney agent should be. If any of these occur, it's time to consult with your estate planning attorney.