Recently married or divorced? Had a child? Inherited some money? Bought a new house? Or significant changes in your health.
Too many of us don’t have a Will – in fact only one out of three adults in the UK have one. Everyone should have a Will, particularly if you have children, own a property or business or have significant savings and investments. Having a valid Will is the best way to ensure your loved ones are looked after in the way you want after your death.
3 reasons you should review your Will
1) Your circumstances change
2) Your wishes change
3) The law changes
If any of those change you must review your Will to make sure it is still “fit for purpose” says our Wills coordinator.
Reviewing your Will is a like spring clean. You don’t particularly want to, but you’ll feel better when you do.
We advise you to have regular check-ups, especially if you haven’t reviewed your Will in a number of years, right now is probably a very good time to start your initial review.
It’s important to remember that over a period of 5 years, your personal circumstances could dramatically change. Your investments may increase, you may have children, other expenses to consider. We recommend reviewing your Will and estate planning every 5 years to ensure your instructions are kept up to date.
A Will just might be the most important legal document you’ll ever sign. It protects your most important assets—your family.
Without one, the courts—and not you—decide what happens to your assets. They can even decide what happens to your children. So, make sure to use this checklist to keep your Will up-to-date and in good working order.
For free initial advice and guidance call our Wills team on 020 3745 7271 or email us your query info@carterbondwills.co.uk