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