Three Reasons to Update Your Will
Why create a will?
Who will look after your estate?
Who will become the guardian of your children?
How will your assets be distributed?
What funeral arrangements do you want?
Looking at that list it should be pretty clear why failing to write a will is such a large oversight especially for anyone with dependents. So, let’s assume you have set one up – when should it be updated?
Correctly applying existing rules
A big change in your personal circumstances
Marriage, or a new civil partnership, automatically renders an existing will void The dissolution of a marriage, or civil partnership, on the other hand, does not Without a new will your assets may not be distributed in the way you would wish and the Intestacy Laws (which are inflexible and sometimes counterintuitive) will apply