Changing your will

I have a Will – Why do I need to change it?

Despite having a will already, as you get older it is a good idea to review the provisions of the will to make sure that they accurately reflect your current wishes.

There are a number of circumstances when you should consider revising your existing will. Please take a look at these in a little more detail to see if any of them apply to you

• After getting married

  Your existing will is automatically revoked by marriage unless it is made in contemplation of the marriage. You may also wish to include provision for a new spouses and/or children/stepchildren.

• After having children

  It is absolutely crucial that you make a will after having a child so that you can appoint guardians and trustees for your child or children in the unfortunate event that you die before they reach adulthood.

• After a divorce

  Often people wish to change what they had planned on leaving to an ex-spouse.

• After a spouse’s death

  If you left a significant portion of your estate to your deceased spouse in your will, you should update the will.

• After the death of one of your beneficiaries

  If the beneficiary dies before you do, you may wish to update your will to include a new recipient.

• After you experience a significant change in your estate’s valuation

  For example if your stock holding or a property you own went way up, or way down in value.

• After any other change in your life that causes you to re-evaluate to whom you want to leave something

  For example if you have become passionate about a specific cause and decide that you want to leave a portion of your estate to some charity that champions that cause.

If you have concerns about the current state of your will or would like to make a will for the first time you can phone Bernadette Parte on 01 660 8353 to discuss the matter in complete confidence or complete our Contact Form.