Florida residents like you work hard on your estate in your life. You work hard to create an estate plan, too. After all, you want your beneficiaries to enjoy your estate with as little legal friction as possible.

To guarantee this, your estate plan needs to reflect the most recent state of your life. Thus, updating the plan is crucial. But how do you know when to do this?

Focus on family and financial changes

Forbes examines the reasons for updating your estate plan. As a general rule of thumb, you want to review your plan any time you go through a big life change. This is particularly true for family changes and asset changes. Why? Because your family often doubles as your beneficiaries. Likewise, your assets dictate how much estate you have to pass down.

Examples of family changes include marriage, divorce, adoption and childbirth. It can also include a death within the family, or simply falling out with a family member. Financial changes include losing or gaining large amounts of assets in any form. As an example, you may come into an inheritance or fall into debt.

Make sure it matches up to the law

Take time to review your plan if you move, too. Each state handles matters of the estate in a different way. You want to ensure your estate plan is valid under your new home’s laws.

Finally, experts suggest that you review your estate plan every three years regardless of how your life looks. This allows you to refresh your memory and fix up any parts you no longer agree with or forgot to change earlier.