Your wishes will almost certainly change over the course of your life and it’s important that your Will reflects this.
When Should I Change A Will?
It’s a good idea to review your Will after life-changing events such as:
After a birth
Your Will must be updated every time you have a child, in order that they receive what you choose to leave them. You can also name a legal guardian in your Will to protect your children if something happens to you.
Any Wills made before your wedding will be rendered invalid upon marriage, so you must renew your Will soon after to avoid dying intestate. It’s also important to change a Will upon divorce, as divorce does not make an existing Will invalid, but it does prevent your former spouse from receiving anything.
Your Will should be reviewed if you move home to ensure it takes account of the new property and to check that it is not affected by the disposal of the old property.
Change of Executor
You may have up to four executors in your Will. If you wish to change executor, or if an executor dies, this must be reflected in your Will.
After a Death
If someone you’d named as a beneficiary (a person who will inherit from you) has died, you should review to will as it may need to be changed to remove their name and state who will now receive the inheritance.
If you receive a large amount of money, you must state to whom you will leave it in the Will. Similarly, if you lose money, you should review your Will and ensure you’re leaving only what’s available.
Failure to keep your Will current may mean you have an invalid Will or you run the risk of dying without your last wishes accurately reflected.
It’s easy to review your Will regularly – you don’t have to write a new Will every time you need to change it. A codicil (additional note) is often all that’s needed but that has to be done in the right way to be valid.
How to make a remote Will: your free guide
Everyone should have an up-to-date Will. In light of the Covid-19 outbreak, more people than ever are looking into how to make a remote Will, without the need to leave their home.
That’s why we’ve designed our Remote Wills Guide, completely free of charge for you to download.
With over 125 years’ experience in looking after people and their property, we are highly experienced in providing solutions for remote clients, from expats living abroad to people in hospital. We take a client-centred approach in everything we do, and tailor our solutions to fit your unique circumstances.