Life is full of changes - whether it’s your relationships, family, or financial situation, it’s important to ensure that your Will reflects your current circumstances.
Learn more about making a will with us.
When Should You Review Your Will?
We recommend you review your Will every three to five years, or whenever a significant event occurs in your life. In particular:
1. Change in marital status
If you’ve recently married, separated, or divorced, your Will might not reflect your new situation. This can affect what happens to your estate.
2. Cohabiting with a partner
Living with a partner without being married? It’s important to make sure your Will provides for them, as the law may not automatically do so.
3. New children or step-children
If you’ve had children or step-children join your family, your Will should include provisions for them.
4. Financial changes
If your financial situation has significantly improved or declined, you may want to update how your assets are distributed.
5. Changes in relationships with beneficiaries or executors
If your relationship with someone named in your Will has changed, you may wish to adjust their role or inheritance.
6. Beneficiaries or executors’ circumstances have changed
If someone named in your Will has passed away or their own circumstances have changed, this may require an update to your Will.
7. Inheritance tax and care home fees
If you want to explore ways to reduce the impact of inheritance tax or care home fees on your estate, it may be time to review your Will.
How we can help
At Rosalind Watchorn Solicitors, we are here to help you review and update your Will to ensure it still matches your wishes. Whether or not your Will was originally prepared by us, we are happy to review it with you. However, please note that we are unable to advise you on the validity of homemade Wills.
Your Will is a vital document, and making sure it is up-to-date is essential for your peace of mind. Contact us today to arrange a review and keep your future secure.
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