There are many reasons to update your will. Maybe it seems morbid to actively be thinking of when you should be making changes to your will, but the truth is, you’re smart to do so.
For a will to be most effective, it should reflect the additions, modifications, and significant changes to your life. As you know, those changes can happen at any time, without warning.
Because it’s always a good idea to plan ahead, here are five of the most common reasons you may want to update your will:
While updating your will to reflect all your life changes may seem daunting, it doesn’t have to be. For example, you can sign up for a prepaid legal plan like those offered by LegalStreet; they include an attorney-drafted will and free annual updates. LegalStreet plans are also affordable, starting at less than $13 a month.
(Disclosure: LegalStreet and FindLaw.com are owned by the same company.)
Related Resources:
- Legal How-To: Revising Your Will (FindLaw’s Law and Daily Life)
- Checklist: Reasons to Update Your Will & Estate Planning Documents (FindLaw)
- Can You Write Your own Will? (FindLaw’s Law and Daily Life)
- The FindLaw Guide to Writing a Will (FindLaw - Free Download)
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