Why January Is the Perfect Time to Reassess Your Estate Plan in Massachusetts

Michael Kaplan | Jan 06 2026 14:00

A new year brings new beginnings — and for many Massachusetts residents, it’s the ideal time to take stock of important life matters, including your estate plan. Whether you already have a will, living will (right to die document), trust, power of attorney, or healthcare proxy, or you’ve been meaning to get started, January is the perfect month to review and update your estate plan.

 

At The Law Offices of Michael M. Kaplan, we help individuals and families throughout Massachusetts protect their loved ones, preserve their assets, and plan for the future with clarity and confidence.

Why the New Year Is Ideal for Estate Planning

 

The start of the year often inspires reflection and organization. After the holidays, many people think about family, finances, and future goals — making January an excellent time to revisit your estate planning documents.

 

Here’s why it’s so important to reassess your estate plan every year, especially at the start of a new one.

1. Life Changes Happen

 

Over the past year, did you experience:

  • A marriage or divorce?

  • The birth or adoption of a child or grandchild?

  • The death of a loved one?

  • A major change in assets, income, or property ownership?

  • Significant health issues have arisen?

Any of these events can impact your estate plan, beneficiary designations, or guardianship choices. Updating your documents ensures that your wishes reflect your current life situation — not last year’s.

2. Financial and Tax Laws May Have Changed

 

Massachusetts and federal tax laws evolve over time, and those changes can affect your estate plan. Reviewing your trusts, inheritance plans, and asset protection strategies in January ensures you’re taking advantage of any new tax-saving opportunities and complying with current regulations.

3. Your Health and Priorities Can Shift

 

The start of the year is also a good time to revisit your healthcare proxy, living will, and durable power of attorney. These essential documents make sure your healthcare and financial decisions will be handled by someone you trust if you become unable to do so yourself.

4. Organize for Peace of Mind

 

An updated estate plan provides peace of mind for you and your loved ones. When your documents are current, your family won’t have to guess about your wishes or deal with unnecessary legal complications later. January’s quiet, post-holiday pace is the perfect time to get organized — before the year gets busy.

5. Work with a Massachusetts Estate Planning Attorney You Can Trust

 

Every person’s estate plan is unique. At The Law Offices of Michael M. Kaplan, we take the time to understand your goals, your family dynamics, and your financial picture. Our experienced Massachusetts estate planning attorneys can help you with:

  • Drafting or updating wills and trusts

  • Establishing powers of attorney and healthcare directives

  • Reviewing beneficiary designations

  • Planning for blended families or business ownership

  • Minimizing estate and inheritance taxes

  • Refer you to financial planners or accountants

Whether you’re creating your first estate plan or updating an existing one, we’re here to ensure it reflects your wishes and complies with Massachusetts law.

Start the Year Off Right — Update Your Estate Plan Today

 

If it’s been more than a year since you reviewed your estate plan, now is the time to act. Protect your family and your future by scheduling a free consultation with The Law Offices of Michael M. Kaplan.