When Should I Update My Will?
Significant life events and changes in financial condition may call for updating your will.
These include:
- Marriage, divorce or separation
- Birth or adoption of a child or grandchild
- Death of a spouse, child or other beneficiary
- Moving to a new state, which can affect wills and estate planning
- A significant increase or decrease in financial assets
- A desire to update charities included as beneficiaries in your will
Even if you have not had significant life events or changes in circumstances, it’s a good idea to review your will with an attorney every few years. This can help ensure that beneficiary information is up to date, all assets are accounted for, and executor and guardian information is still appropriate. It’s also an opportunity to consider any changes in tax laws that could affect your estate.
Updating your will when necessary can help ensure your wishes are followed and protect your loved ones in the future. If you believe your will needs a review or an update, please call Shelbourne Law at 843-871-2210 to get started or complete the contact form on our website and we will contact you.
