Posted by Susan Grissom
on September 7, 2011 at 3:50 PM
I am asked often, how often should I update my Will? There is no single answer to this question; however, the following are examples of events that would likely cause your Will to need to be updated.
- Marriage – unless your Will is written in contemplation of marriage and includes a statement to this effect, you should revise your Will.
- Divorce – unless your Will is written in the contemplation of your divorce and includes a statement to this effect, you should revise your Will.
- Birth of a Child or Children – if you Will was written prior to children, you should revise your Will to include naming of Guardians; if your Will was written when you had children but you have added children, you should review your Will to ensure that the Guardians named are still appropriate considering the larger family.
- Change in financial circumstances – if your financial circumstances have changed, you should review your Will to ensure that it still disposes of your assets appropriately considering the change.
- Have any of the named Executors, Trustees, Guardians, etc. named in your Will changed in a manner that will preclude them serving in the role?
Any of the above events have occurred, you should visit an attorney to review your Will and determine if a complete rewrite is needed or if a Codicil is appropriate. At Grissom Law, LLC, we will always meet with you to review your current Will and circumstances and recommend a plan to best address your individual circumstances. Call us today at (678)781-9230 or email us at email@example.com to schedule an appointment.