Effective Wills Are Updated Wills
Once a will has been drafted, many people make a copy, give it to their lawyer and forget about it.
Ensuring your will is effective means updating it whenever a life event happens. If you don't stay current with your will, you stand to lose money in the long run.
If you're curious to know when it is best to update your will, take a look below. FindLaw has compiled a list of the times in which it is best to complete this essential task.
- Your designee(s) are deceased
- Marriage or divorce
- New state laws
- Children reach the age of 18
- Substantial increase or decrease in the worth of your estate
- Acquisition or disposition of a significant asset
Read the entire FindLaw article now for even more reasons to update your existing will: https://ow.ly/lA7n30bzFQz
Have you updated your will recently? What prompted you to do so? Let us know, leave a comment below.