If you have a Will, it’s important to be sure and keep it updated when there are major changes in your life.
Your Will should not be stored away and forgotten – take it out and review it at least once a year, to be sure that it still works properly, especially if things have changed in your life.
Here’s a handy list of the Top 10 Reasons you may need a new Will:
3. Birth of a Child
4. Moving to a New State
5. Receiving a Large Inheritance
6. Your Named Executor Passes Away
7. The Guardian for Your Minor Children Passes Away
8. You no longer have a good relationship with someone named in your Will
9. You’ve Changed Your Mind About Who Should Receive Your Property
If any of these reasons apply to you, it’s important to see an attorney as soon as possible, to get a new Will or a Codicil prepared.
You’re probably wondering – what’s a Codicil? It’s a legal document that changes the terms of a Will. It’s similar to an amendment to a contract, but it must meet the same legal requirements as a Will, in order to be valid.
A codicil is a good option if you only have a few changes to your Will. If there are a lot of changes, or if your life situation has changed significantly, it’s usually better to get a new Will.
If it’s been a while since your Will was done, just give us a call at Baker Law Group, and we can work with you to determine if you need a new Will or a Codicil. Our attorneys are here to help.
Baker Law Group Contact Information
Office Phone (770) 992-4325