How different life events can change the contents of a will
There are a number of different life events that could impact your will. This post considers some of the most common reasons that you might need to change the document to ensure it is up to date, as it might be that you created your will years ago and don’t remember the exact instructions for executors.
Your will should be a complete, but working document that you check every few years. In order for a will to be valid, it should be voluntarily made by someone who is 18 years old or older. The will should be presented in writing, signed by the person who made it and the two witnesses who were present when the will was made. Just because your will is valid, it doesn’t mean that it is complete and you’ll never have to look at it again. Some of the events that may impact your will are included below:
If you remarry or enter into a civil partnership, your previously existing will becomes invalid.
If there are significant changes to be made, or you need to exclude someone from your will, you’ll need to create a new will and cancel the old document.
The death of a family member
If you experience a death in the family, you need to go back to your will to redistribute any assets that would have gone to the deceased. If you don’t reallocate these assets, then the failed gift will be returned to the residue of your estate, which could cause an issue for executors.
Births, for example, the birth of a grandchild
When your family grows and a new child is born, it may be that you’d like to redistribute your wealth evenly, so it’s worth revisiting your will at this point to make sure they are included in your will.
How to update your will
If you need to update your will, you will need to know if you want to make a minor change or if you have to rewrite the current document and create a new one.
If you have a number of changes to make or think that a codicil will be confusing, it’s time to create a brand new will. Our expert solicitors at PHR Solicitors are able to help out when it comes to creating a new will, get in touch today by calling 0800 781 3894 or completing the “Quick Enquiry” form.
Contact Percy Hughes & Roberts
To speak to a wills and probate solicitor for advice, contact Percy Hughes & Roberts for a no-obligation phone consultation today. We provide ourselves on offering expert advice that's easy to understand, and we will be with you through every step of the legal process.