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

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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.