It is not an easy topic to address and is often put at the bottom of the 'to do' list but there are various changes in life that may mean you should consider updating your Will:
- Your marital status may have changed, i.e. you have got married, divorced, or re-married.
- You have a child or have adopted a child.
- Sadly there has been a death of a spouse, partner, child, Executor, Trustee or Beneficiary.
- You may have become the beneficiary of another's Estate, bringing with it the associated tax planning implications.
- You may wish to leave a gift to a specific charity or person.
- You have purchased a new home or other property or sold a property.
- There have been recent changes in legislation which may have implications for your Will.
- There has been a substantial change in the value of your property.
- You may wish to appoint guardians for your children.
We suggest that it is good practice to review your Will every 3 to 5 years just to make sure that your loved ones are protected and that your Will reflects your current wishes. If you have any questions or wish to discuss the matter further, please do not hesitate to contact us.
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