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 somethingFor 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.