Sometimes, having a Will is only the first part of the estate planning process.
It is essential, for instance, to update this document on a regular basis, when there have been specific life or family events. Wills solicitors in North Wales can advise and support with changing a Will as and when required.
Some of the most obvious events which should require an updating of an existing Will are marriages and deaths. The person who has the Will may get married, divorced and re-married. They may also become married for the first time after their Will has been written. It is essential that a Will is amended to reflect these events and to ensure that spouses or ex-spouses are added or removed as beneficiaries where necessary. The death of a beneficiary will also need a Will amendment, so their intended gifts are left to someone else instead. New family members often prompt a Will update. These could include children, grandchildren or even new in-laws or nieces and nephews.
If the testator decides to move abroad, they may need to use solicitors in Conwy to ensure their new Will is valid in their new home country and any assets they buy there are properly covered in their Will. Equally, it is also important to update Wills if there is a negative impact on finances or if there will be anticipated bills to cover care costs.
At Bennett Smith Solicitors we can help you to organise and rewrite your Will, so contact us now to discuss.
