Once you have a Will it is a good idea to periodically review it to ensure that your Will still does what you want it to do given your current life circumstances. Common events that may require a change in your Will include:
- A change in spousal relationship which invalidates your existing Will, such as:
- Divorce or marriage/remarriage; or
- If you have been living with someone for two years or longer.
- Your children are now over 18.
- Someone named in your Will becomes ill or disabled so that a guardian or further financial support/protection may be necessary.
- If any beneficiaries have predeceased you.
- Your executor has predeceased you or is no longer capable of acting as your Executor.
- If a child of yours marries, lives with someone for two years or separates/divorces.
- Birth or adoption of additional children or grandchildren.
- Any major change in your financial circumstance, such as buying or selling a business, purchasing new property, receiving an inheritance, etc.
If any of the above changes applies to you, or if you are uncertain if your existing will still meets your needs, please contact us to discuss how to make your Will current.