How Often Should I Update My Will?

Creating a will is an essential step in estate planning. A will lets you plan so that your assets are distributed according to your wishes after your passing. It provides peace of mind, not just for you, but also for your loved ones. However, as life evolves, so should your will. Major life events like marriage, the birth of a child or acquiring new assets may necessitate updates to your will to reflect your current circumstances accurately. At the Van Den Heuvel Law Office, we understand the complexities of life transitions and are here to guide you through every step of updating your will so it aligns with your present intentions and future goals.

When Should You Update Your Will?

Updating your will is not a one-time event. It should be revisited regularly, especially after significant life changes. Here are some key moments when you should consider updating your will.

Marriage or Divorce

Entering into or dissolving a marriage is a significant life change that affects your financial and personal life. Upon marriage, you may want to include your spouse as a beneficiary or update your executor choice. Conversely, after a divorce, you might wish to remove your ex-spouse from your will and reassign assets to other family members or a new partner.

Birth or Adoption of a Child

Welcoming a new child into your life is a joyous occasion and an important reason to update your will. You may want to make sure that your child is financially provided for and designate a guardian to care for them in your absence. This is crucial for securing their future and maintaining family harmony.

Significant Changes in Assets

Acquiring or selling significant assets, such as a house or a business, should prompt a review of your will. It’s essential to decide how these assets will be distributed and to whom. Leaving these decisions unattended might lead to conflicts or misunderstandings during the probate process.

Changes in Relationships

Relationships evolve over time, and sometimes, this may lead to a falling out or reconciliation with a family member or friend. Adjusting your will to mirror these changes is key, as it allows your estate to be distributed in a way that feels right to you.

Relocation to a Different State

Different states have varying laws regarding community property and common law property. If you move to a new state, it is imperative to review your will so that it complies with local laws, thereby avoiding potential legal issues during probate.

The Role of an Attorney

An attorney plays a crucial role in updating your will. At the Van Den Heuvel Law Office, our experienced attorneys can help you navigate the legal requirements for making amendments or drafting a new will. We help you confirm that your will reflects your current wishes and complies with state laws, minimizing the risk of disputes. 

Update Your Will With An Attorney’s Help

Regularly updating your will is a vital part of maintaining an effective estate plan. Life changes such as marriage, divorce, the arrival of a new child or significant financial shifts should prompt you to review and potentially update your will. The Van Den Heuvel Law Office is committed to helping you navigate these changes. Contact us today to schedule a consultation to make sure your will accurately reflects your current wishes and future aspirations.