© 2020 Lawyer Up! Magazine. All Rights Reserved.

Website by The Visual Source

Yes. Any real change in your life setting, such as new baby, marriage, divorce, death in the family, and a sudden financial windfall, can be the reason for updating your will. The following are some of the reasons to update your will:

• People you named are dead

• New people (birth, adoption)

• Divorce or marriage

• New state laws. These laws can effect your will directly. This is especially so if

  you move to a new state

• Change in guardians, personal representatives, or trustees

• Children become adults after the age of eighteen

• A financial windfall, i.e., you inherit money, or win the lottery

• New job with much higher financial expectations

In any event, you should review your will and estate planning documents every three to five years.

A sudden financial

windfall, can be one reason

for updating your will.