Importance of Changing Your Will When Your Circumstances Change

When do You need to Change Your Will?

Though you might have already formulated your Will, it is necessary that you revisit it from time to time to ensure that it is accurate and up to date. There are certain occasions in life where you will be forced to re-write your will. A list of these occasions is furnished below:

Marriage: With marriage, your spouse becomes your legal heir after your death. It becomes highly essential that you rewrite your Will explicitly stating your spouse’s share and of other members of your family to whom you intend to disburse your property.

Divorce: Upon divorce, your former spouse will cease to be your beneficiary. Your spouse cannot obtain the probate of your Will nor will they be allowed to act as an executor for your property in the event of your death. However, if you wish to gift them with a share of your property, you can do so. In any case, your existing Will has to be rewritten.

Separation: A separation does not have any effect on your existing Will because the act of separation is not recorded by a court of law. Hence, on separation, if you change your plans on devolution of your property, you need to rewrite your Will.

Changes in the Family: It becomes mandatory for you to rewrite your existing will in the event of a birth of a child or death of a member, or when your child attains 18 years of age.

Change in Financial Status: If you had purchased a new property or sold an existing one in the recent past, you will have to reflect these changes in your existing Will.

Divorce and Will Making

With divorce, everything about your life will change. Especially, your financial commitment and stand towards your ex-family will take a complete U-turn. Now, there are only two instances where your ex can inherit any of your property:

In the event your death, even while the divorce proceedings are on. This means that if you die even a day before the final verdict day, your spouse gets to inherit all your property.

If you have made an explicit offer to gift a property to your ex in your Will even in the event of a divorce.

Online Will Making

Today, you need not go in search of an attorney to have your wills drafted or rewritten. You just need to log on to the Internet and there are numerous websites offering you services for online will making. One of the profound companies specialised in the area of online will making is Lifetime Wills, who can be accessed at http://www.lifetime-wills.com

Some of the salient features of the services offered at Lifetime Wills are as follows:

You can complete your Will at around £ 39.
You will be able to complete your Will in less than 3 minutes.
Your partner can make a mirror Will of yours.
You can change your Will whenever you want for free.
Added to this, you can have your Will reviewed by experts in this field.

As if this were not enough, Lifetime Wills have gone a step ahead to provide their customers with free add-ons to their existing services. Some of them are as follows:

Free Comprehensive Guidance Notes
Quality advice from top legal and financial experts
Free Consultation on services provided
Free Email / Phone Support provided during the whole process.
Free updates and upgrades with any change in law.

The Last Word:

It is important that you clearly notify as to who your beneficiaries are. After all, it is your hard-earned money. You try to put a smile on the faces of your near and dear ones when you are alive. Ensure that it continues even after your life, by changing your Will today.

About the Author

James Walsh is a freelance writer and copy editor. It is never too early to write a Will and it is essential that you keep it updated if your life circumstances change, for more information see http://www.lifetime-wills.com