Updating a will
Each state has its own legal requirements for making a will.Reasons to Update Your Will: Additional Resources If you've read this article and still feel like you are yearning for more information, you are in luck. Depending on what sort of change you’re making, you should either add to your will or write a new one. Lots of people change their wills when they have children, grandchildren or when their financial situation changes.However, there are many reasons to review and update your will and other estate planning documents. Now is the time to review and possibly change your will.For instance, let's say you've found the love of your life and want to make sure they are included in your estate plan, either before or after marriage. While the reasons may be endless, we've listed a few more possible life changes that may prompt you to change your estate plan.
A will can be revoked by tearing it up or otherwise destroying it provided it is with the intention of revoking the will.Changes in your life, relationships and financial situation can mean that a once well-written Will no longer reflects how things currently stand.New legislation can also have an impact on any Will you’ve written in the past.But as the years go by, your circumstances can change – sometimes quite drastically.That’s why updating a Will is so important, to make sure it reflects your latest thinking.