The Importance of Updating Your Estate Plan Regularly
August 23, 2023

As life evolves, so do our priorities, relationships, and assets. One thing that should evolve along with these changes is your estate plan. It's easy to think of estate planning as a one-time task, but the reality is that life is full of twists and turns.

 

How Often Should You Update Your Estate Plan?

 

While there's no one-size-fits-all answer, a good rule of thumb is to review your estate plan every three to five years. That being said, certain life events should trigger an immediate update, such as marriage, divorce, the birth or adoption of a child, significant changes in your financial situation, or the purchase of new property. Consider any of these milestones as a signal to reach out to an experienced Vermont estate planning attorney without delay.

 

Life's Changes Demand Adjustments

 

Think about how much can change in a few years – a new addition to the family, a career change, or a substantial shift in your financial situation. These life events can have a significant impact on your estate plan. For instance, if you've recently welcomed a child, you'll want to ensure that your will reflects your wishes for their guardianship. Similarly, if you've acquired new assets or properties, it's essential to make sure they're accounted for in your plan.

 

Legal Changes and Tax Implications

 

Vermont's legal landscape, just like any other, is subject to change. Tax laws, inheritance regulations, and other legal matters can evolve over time. Failing to update your estate plan to align with these changes could lead to unintended consequences. Regularly reviewing and updating your plan with the guidance of experienced legal professionals ensures that your documents remain in compliance with current laws, avoiding complications in the future.

 

Protecting Your Family's Interests

 

Estate planning isn't just about assets; it's also about your loved ones' well-being. If your family situation has changed due to marriage, divorce, or the blending of families, your estate plan should reflect these new dynamics. Regular updates can ensure that your assets are distributed as you intend, even if your family structure has evolved over time.

 

Addressing Health and Incapacity Concerns

 

A comprehensive estate plan includes not only a will but also documents like a living will and power of attorney. These documents become critical in the event of unexpected health challenges or incapacitation. As your health status or your preferences regarding medical care may change, it's essential to revisit and update these documents regularly so they reflect your current wishes.

 

Ensuring a Smooth Transition

 

One of the primary goals of estate planning is to make the transition easier for your loved ones when the time comes. Without updated documents, your beneficiaries might face unnecessary legal hurdles and delays, creating stress during an already difficult time. Regularly reviewing and updating your estate plan minimizes the chances of these complications and ensures a smoother transition for your heirs.

 

Contact Deppman Law PLC for Your Estate Planning Needs

 

When it comes to protecting your assets and the well-being of your loved ones, regular estate plan updates are essential. At Deppman Law PLC, we understand the unique needs of Vermont residents, and we're here to help you navigate the estate planning process with ease. Lesley and Benj are committed to crafting plans that reflect your current situation and future goals. Whether you're experiencing life changes or want to ensure that your existing plan remains up-to-date, we are here to provide tailored guidance and peace of mind. Contact us today for a confidential consultation and to learn more.

Protecting Your Small Business from Legal Disputes Before They Start

December 16, 2025
Running a small business involves balancing opportunity and risk. While disputes can’t always be avoided, many legal problems can be prevented with proactive planning and clear communication. Here are several ways small business owners can reduce legal risk before issues arise. Choose the Right Business Structure The legal structure of your business affects liability, taxes, and operations. Forming the right entity can help protect personal assets and clarify ownership responsibilities from the outset. Use Clear, Written Agreements Handshake deals and informal arrangements often lead to misunderstandings. Well-drafted contracts with customers, vendors, and partners help set expectations and reduce disputes over payment, performance, deliverables, or scope of work. Review Commercial Leases Carefully Commercial leases often contain long-term obligations and hidden costs. Understanding lease terms before signing can prevent costly surprises and future conflicts with landlords. Address Employment Issues Early Clear policies, proper classification of workers, and consistent practices can help prevent disputes with employees or contractors. Early legal guidance can help ensure compliance and reduce exposure. Plan for Disagreements Even healthy businesses encounter conflict. Including dispute resolution provisions in contracts and addressing issues promptly can help resolve problems before they escalate into litigation. Proactive legal planning isn’t about expecting failure—it’s about building a strong foundation that allows your business to operate with confidence and flexibility. Call Deppman Law PLC If you own or are starting a small business and want to reduce legal risk before problems arise, Deppman Law PLC can help. We work with Vermont business owners to put practical safeguards in place and address issues early. Contact Deppman Law PLC to schedule a consultation and protect your business’s future.

When Should You Talk to a Lawyer? Common Situations Where Early Advice Matters

November 17, 2025
People frequently wait to contact a lawyer until a problem feels urgent or unavoidable. By that point, costs may be higher and stress levels are often elevated. In many situations, speaking with a lawyer early can help prevent small issues from becoming much larger ones. Here are some common scenarios where early legal advice can make a meaningful difference. Before Signing a Contract Whether it’s a lease, business agreement, vendor contract, or settlement document, contracts carry long-term consequences. A quick review before signing can help identify unclear terms, unexpected obligations, or risks you may not have noticed. During Major Life Changes Events like marriage, divorce, having children, or buying property often trigger legal considerations. Early guidance can help ensure important steps—such as updating estate plans or addressing property rights—aren’t overlooked. When Starting or Growing a Business Choosing the right business structure, drafting agreements, and understanding liability risks are much easier at the beginning than after problems arise. Early legal planning can protect both personal and business assets. If a Dispute Is Developing If tensions are rising with a tenant, business partner, neighbor, or family member, early advice can help you understand your rights and avoid actions that could escalate the situation or weaken your position. After an Injury or Property Incident Whether you were injured or someone was hurt on your property, early legal input can help preserve important information and guide next steps before statements are made or deadlines are missed. Talking to a lawyer doesn’t mean you’re headed for court. In many cases, it’s about understanding your options, clarifying risks, and making informed decisions before a situation becomes more complicated. Call Deppman Law PLC If you’re facing a legal question or simply wondering whether you should speak with an attorney, Deppman Law PLC is here to help. We offer practical guidance designed to address issues early and thoughtfully. Contact Deppman Law PLC to schedule a consultation and get clear answers before problems grow.