Many people believe that writing their Will in Hatfield Peverel or anywhere else in Essex is enough to cover them for life when it comes to their loved ones that they have left behind that they want to benefit from their estate. However, the reality is somewhat different. With this in mind, Laura Richardson takes you through some to the key points in your lifetime when you may need to review your Will in Hatfield Peverel or anywhere else in Essex to ensure it continues to achieve what you originally intended and/or adapts to your changing circumstances . . .
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It is important to ensure that your Will continues to reflect your wishes. There are several key points in life when it is considered to be advisable to review your Will in Hatfield Peverel and make any necessary changes. With this in mind, we at Andrew Douglas Wills and Legal Services have compiled a list of some of the key events when it would be advisable to review your Will:
- If you get married, or enter into a civil partnership it is imperative to change your Will.
- Buying property. As property is usually the biggest asset within a Will, it is important to ensure that you leave your property to a named beneficiary or beneficiaries and state any requirements for your property after you die, for example if you own the property in your sole name, but wish for your spouse to remain living in the property for the duration of their lifetime.
- Having/adopting a child. It is advisable to name the person(s) whom you wish as Guardian for your child/children should you die before they reach adulthood. You may also wish to include your child/children as a beneficiary within your Will, which may involve setting up a simple Trust.
- Following a divorce or separation, you may need to amend your Will if you wish to change what your separated/ex-spouse inherits in your Will.
- Change in beneficiaries. There are many examples of when you may wish to remove or add a beneficiary. Has a named beneficiary died? Have you received care or assistance from a charity and wish to include a gift to them? Have you become a grandparent and wish to include your grandchild/grandchildren in your Will? Or perhaps you have simply had a change of heart?
- Change in Executor. Has one of your Executors died, or been diagnosed with an illness meaning they would no longer be able to act as your Executor?
- Change in financial status. Whether this is an increase or decrease, it is important to review your Will and make sure that it reflects your current financial situation.
Changing your Will need not be a hassle. Andrew Douglas Wills and Legal Services offer a free initial consultation within which we can discuss your current Will and any changes you wish to make. We can assist you with amending your Will, even if we did not write your original Will. It may be the case that you can simply add an additional document, called a Codicil, to your existing Will, or it may be advisable to rewrite your Will depending upon the changes that you wish to make.
Whatever the situation, it is vital to ensure that your Will accurately reflects your wishes and the needs of those that you want to benefit from your estate, so contact us today to see how we can help you with writing your Will in Hatfield Peverel and throughout Essex.
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