Reasons you Need to Update Your Fort Myers Will
If you live in the Fort Myers area, then it is important that you visit an estate planning professional to get your will drafted. A will needs to be reviewed and updated regularly to stay in line with the changes that can occur in a person’s life from year to year.
How Often Should I Update My Will?
Ideally, you will want to make an appointment with your estate planning professional to review your will every time you experience a significant life event. Since a lot can happen over the course of time, it is easier to make a list of the changes that occurred in your life and visit your estate planning professional once a year.
Marital Status
A change in your marital status, divorced or remarried, can alter who the state considers your next of kin. If you remarry and your ex-spouse is still the primary beneficiary of your will, then that can cause problems after you pass away. Each time you change your marital status, you should update your Fort Myers will.
Children
If you have more children with your spouse after you have drafted your will, especially if you have a special needs child, then you will want to update your will. The same is true if you remarry and have children with your new spouse as well.
Change in Assets
Over the years, your career might become very successful and you will find yourself with considerably more assets than when you first put your will together. You might also get an inheritance that changes the status of your assets. Whenever your assets change appreciably in either direction, you should update your will.
Beneficiaries or Administrator Passes Away
The goal is that you live a long and happy life in Fort Myers. If you do, you might find that some of your beneficiaries and even your estate administrator as outlined in your will start passing away. It is important to keep your will updated when it comes to this important people as the probate court could deem your will invalid if the beneficiaries and administrator no longer exist.
New Responsibilities
When you initially put your will together, you had a good job with a company and were happy in your work. Since then, you have started your own company and have taken on a whole new set of responsibilities. When these things happen, your will must be updated to reflect those changes.
The Mattar Firm has kind and caring estate planning lawyers ready to help you update your will to reflect your changing life. Give us a call and let one of our attorneys review your will with you and suggest changes that will help your will more accurately reflect your life as it is now.