After you create a will, you will feel like the weight of the world has been lifted from your shoulders. You can rest easy knowing that your assets will be distributed according to your wishes upon your death.
However, there is something to remember: You may need to change your will at some point in the future. Here are some situations in which this makes sense:
- Marriage. Did you create your will before you were married? If so, you may need to alter your will so that your new spouse is included.
- Divorce. Just the same as marriage, a divorce typically calls for a change to your estate plan.
- A new child. Bringing a child into the world means many things in regards to your estate plan.
- New stepchildren. If you marry and your new spouse has children from a past relationship, you may want to write them into your will.
- New assets. Do you have new assets? Do they need included in your will?
- Change of mind in regards to your heirs. There could come a point when you change your mind about “who gets what” upon your death.
If you have any reason to believe that your will needs altered, don’t hesitate to take the necessary steps in doing so. Along the way, you must make sure that your changes are within the legal limits of the law. This is the best way to give yourself the peace of mind that you have enjoyed in the past. There is nothing more important than that.
Source: FindLaw, “Changing a Will,” accessed Feb. 16, 2017