If you already have a Will however you have not reviewed it recently, you made need to consider updating your will. You should review your Will regularly to ensure that it is up to date.
Our Inheritance Protection have listed some key questions below that you should take into consideration that may help identify changes in your circumstances and therefore the need to review your Will:
If your answers to these questions indicate some significant changes have occurred since you made your Will, which may impact upon its contents, then you should consider reviewing and updating it as soon as possible.
For example, marriage revokes a Will, which means that if you have married since making your Will then it will no longer be valid, and you will need to think about making a new one to reflect your new circumstances. Equally divorce affects gifts left to your ex-spouse, whereas separation does not, so in both cases an update may be needed depending on your situation.
Our Inheritance Protection team can also help you review your Will in light of any changes to the law or inheritance tax that might affect it. To find out more about updating or changing your Will, please contact one of our team below.