Making a Will is an important step to exercising control over your assets when you die. However, as time passes circumstances for you, your family or your beneficiaries may change. Importantly, some of these life events may, in fact, invalidate your current Will whereas others may have unforeseeable impacts on the consequences of it.
Here are 10 reasons for reviewing and if necessary updating your Will:-
- Marriage for you or your beneficiaries
- Purchase of Family home
- Babies. The arrival of children, whether your own, your grandchildren or children of your beneficiaries.
- Divorce for you or your beneficiaries
- Death of a spouse, partner, successor trustee, executor or beneficiary.
- Heirs with financial difficulties
- Starting a Business
- Being the beneficiary of another’s Estate – with associated Tax Planning implications.
- Making a legacy to a charity or other institution.
Generally you should review your Will every 3 – 5 years and if necessary consider having it rewritten so it reflects your current wishes.
During the current COVID-19 crisis Wills and Probate specialist lawyers have been classified as Key Workers by the Ministry of Justice.
Our specialist Solicitors and Legal Executives continue to operate in our offices and are available initially by telephone, or other social media communications. Office appointments and home visits will be offered as necessary.
The Law Society and Solicitors for the Elderly have issued guidance to enable us to safeguard both our Staff and our Clients, and in particular our Elderly and Vulnerable Clients.
For further information making or updating a Will Contact Us.