How Often Should I Update My Will
Updating your will plan on a regular basis is fundamental to ensuring your will reflects your current financial and personal situation.
There are a number of events that occur that have the effect of revoking all or part of your will.
Below are some examples that may trigger the updating or rewriting of your will:
Marriage (as marriage will void a pre-existing Will)
Entering a De facto relationship
Separation or divorce
Your children’s relationships changing
The birth of children or grandchildren
The establishment of a family trust
The purchase or sale of a business,or a house
The possibility of bankruptcy or other financial problems audience
As a general rule, you should review and most likely modify your will every 3 to 5 years as inadvertently your overall financial situation or your ownership of valuable belongings may change.
We strongly discourage you from adding to or deleting from your Will after execution without seeking the proper legal advice. Even simple changes must be made correctly to ensure that your wishes are not invalidated.
Contact the team at A.L.F. Lawyers and make an appointment to discuss your current will and establish if there is any need for you to reflect any changes.
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