Creating a will is a big step in the right direction as far as your estate plan is concerned. However, there’s something you need to remember: your original will may require adjustments as you age.
There are many times to review your will and estate plan as a whole. In addition to the passage of time, major life events — such as divorce, marriage, or the birth of a child — should lead you to review your will.
If you find that your will is outdated, there are several simple steps you can take to get back on track:
- Make note of what’s wrong: As you review your will, make note of the details that require your attention. For example, if you need to alter your executor, make a specific note to yourself so that you remember to do so.
- Determine how to make it right: Once you know what’s wrong, you must find a way to make it right. Sticking with the example above, you can swap out one executor for another. Just make sure that you let the new person know that you’re naming them in your will.
- Consult with an estate planning attorney: Altering a will is easier said than done. You can’t simply cross things out and add new stipulations. This can result in gray area that will cause trouble when you pass. An estate planning attorney can help you properly update your will, without any risk of making a mistake.
If you have any reason to believe that your will is outdated, review it as soon as possible. You don’t want to pass on with a will that doesn’t meet your requirements.
Do you need help updating your will? Contact us online to learn more about our services and to schedule a consultation with a knowledge estate planning lawyer.