With the end of the year approaching and all the excitement and prospect of a brand new shiny year soon to be, now is a good time to review your Will.
If you made your Will some years ago it will be time to review it, if you have had a change to your personal circumstances such as marriage, divorce, a house move or a new addition to the family.
A change to your financial situation, an increase in your property value and even new tax laws or legislation can also make an update to your Will necessary.
A valid Will is vital if you want to avoid any misunderstandings after your death. If you remarry, for instance, your current Will is no longer valid, and therefore if you
die, the intestacy rules will apply and the state will decide who benefits from your estate.
A review helps you to be sure that the people and charities you want to benefit from your Will are able continue to do so. Often, changing a Will could be as simple as drawing up a codicil – an addition or change to your existing Will – that can be signed and kept with the Will.
If you feel that your Will may need reviewing, please do call us to discuss, as we would be pleased to assist you.
Merry Christmas from us all, and have a safe, happy and healthy New Year.
The team at Wills Jacobsen