Creating a will is an important aspect to estate planning. When as the last time that you took a look at your will? 5 years ago? 10 years ago? Take a look at the following information, to understand when you may need to make changes. If you have any questions, or if you’d like to review your will, contact an estate planning attorney.
A will is only effective if it’s current; otherwise, it’s likely useless. You likely want to make sure that your current wishes are respected. If you haven’t taken a look at your will recently, now is the time to do so.
- A will may need to be updated if you change your mind about the inheritances that you will leave behind
- You may need to make changes to your will if you welcome a new family member
- If you’ve decided to appoint different trusted helpers, you may need to update your will
- If you’ve experienced a significant change in your assets, it may be time to make changes to your will
- If there’s been a death in the family, you may want to update your will
- If your marital status has changed since creating your will, it may be time to make changes
- If significant law changes have been make, you may need to have your will reviewed
- If you move out of state, an updated will may be necessary
Everyone should have their will professionally reviewed every 3 to 5 years, or upon the occurrence of a significant life event. An estate planning attorney will be able to guide you throughout the entire process. Make sure that your current will meets your needs! Don’t put off the need to update.
If you have any questions, or if you think that you may need to make updates to your will, consult with a qualified estate planning attorney.
Stephen A. Mendel, Estate Planning Attorney
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