Docklands Solicitor
Latest legal news from Docklands Solicitors, Kaslers Solicitors LLP.
Monday, 11 April 2011
When should I update my Will?
- Major changes include: marriage or remarriage, as if you become a ‘different legal entity’ to when you wrote your existing Will, it will be invalid.
- Should you separate from your spouse/civil partner, the first thing you should do after moving out or changing the locks is to update your Will, as if you die before your divorce is finalised your soon-to-be-ex will still be entitled to inherit a large part of your estate, which is probably not what you would want!
- If you have children since last writing your Will, you will need to update it to appoint guardians and make changes to the distribution of your estate, and once your children reach over 18 you may wish to include them as Executors – make them earn their inheritance!
- If you divorce, or if anybody appointed within your Will predeceases you, you should update it to replace those appointees and ensure those parts of your Will do not fail, and become invalid. - Professionally drafted Wills should include ‘substitution’ clauses to allow for eg the children of beneficiaries to inherit in their place to make the Will more flexible.
- For peace of mind take advantage of our Free Will Audit service to ensure yours is actually going to do what you think will and need it to.
Labels: children, divorce, review, separation, update, Will
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