When should you change your will
In general you should review your Will every three/five years or after any major change in your life.
The most common reasons that people change their Will are as follows:-
- to simply update their Will
- getting married/remarried. It is important to note that marriage revokes a Will
- getting separated/divorced. When you separate from your spouse it does not mean that your spouse automatically loses their right to the his/her legal right to a share of your estate; this depends on the terms of a separation/judicial separation agreement, or divorce.
- cohabiting. Living in a commited relationship for three years.
- entering into a Civil Partnership
- the birth of a child. You may wish to add beneficiaries to your Will and or appoint trustees and guardians in the case where you have minor children.
- a change in your children's circumstances e.g. if your child gets separated/divorced
- death of a beneficiary
- changing executors/trustees/guardians
- you may have disposed of property (which you left to a particular beneficiary in your Will) or you may have acquired additional property that you want to leave a particular beneficiary
- changes in tax law
Request a Call Back or contact us directly and one of our team will discuss your Will or Estate and how we can assist you.