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There are certain life events that should trigger a review of one’s estate plan. A death in the family, the birth of a new family member, a divorce or a marriage are common examples. Another example: tax changes.

The tax code has gone through some major changes in recent years. Just last year, the biggest tax change in over four decades went into effect. This change should have triggered a review and possible update of your estate plan. If it did not, and in some cases even if it did, a recent announcement by the Internal Revenue Service (IRS) should trigger a review.

You may have already begun your estate planning journey and have done a deep dive into a self-assessment. You may have had to answer many tough questions so far, but still, you have not completed the entirety of the process. Though you may have many aspects of your final affairs in order, you still need to choose a person who will handle those affairs on your behalf.

Choosing someone to act as the executor of your estate is not an easy decision. You may have a few people in mind for various reasons, like you consider them trustworthy or they know you well. However, it is important to remember that closing an estate is a long and difficult process, so choosing just anyone is out of the question.

Fraudsters are known to target our senior loved ones and, according to a recent report in Barron's, their efforts are successful. Scammers have reportedly gained billions of dollars in ill-gotten gains from senior Americans.

These fraudsters are largely successfull because they exploit a vulnerable population's often limited online knowledge, with schemes using the phone, text messages, emails and social media contacts.

Fair does not always mean equal. Parents learn this lesson while their children are young. It quickly becomes apparent that each child has their own personality and may have different needs. This can translate to different forms of parenting styles for each child.

As our children age, and we begin to map out our estate plans, we may realize that the need to have an individualized parenting plan for each child does not end when they become adults. It may soon become apparent that an equal distribution of assets is not the fair choice. Here are two factors to consider when attempting to put together a fair estate plan.