Planning for the Future: The Importance of Updating Your Will

Why You Should Update Your Will Regularly

A professionally drafted Will, Trust, or Power of Attorney (PoA) can address most foreseeable changes in life. For instance, it can accommodate the birth of more children or grandchildren, or if one of your beneficiaries or attorneys passes away before you. However, it’s wise to review your documents regularly, especially after significant life events.

Key Life Events to Consider

Here are some important changes that may prompt you to update your Will:

• Marriage, divorce, or starting a new relationship

• Birth or adoption of children and grandchildren

• Moving home

• Receiving an inheritance – particularly if it may push you over the threshold for inheritance tax

• Retirement

• Major health changes

  
  

Even without major life changes, many people find peace of mind in reviewing their documents every 3 to 5 years.

The Benefits of Regular Reviews

Regularly reviewing your Will can ensure that it reflects your current wishes and circumstances. It can also help prevent potential disputes among your loved ones in the future.

How Your Wills Team Can Help

Your Wills Team is here to assist you in keeping your documents up to date. With our retainer of just £10 a year for Wills or £50 for Trusts, we can make any necessary amendments without the cost of redrafting the entire document. This service makes it easy and affordable to ensure your plans are always current.

Why Choose Professional Legal Services?

Choosing professional legal services for your estate planning can provide you with several advantages:

• Expertise: Professionals understand the legal intricacies and can guide you through the process.

• Peace of Mind: Knowing that your documents are correctly drafted and up to date can alleviate stress.

• Accessibility: You can manage your estate planning from the comfort of your home, making it convenient for you.

  
  

Conclusion

Updating your Will is an essential part of planning for the future. Life changes can significantly impact your wishes, and it’s crucial to ensure that your documents reflect your current situation. By working with Your Wills Team, you can easily keep your plans aligned with your life.

For more information or to get started, please contact us today! info@yourlegalteam.org.uk