Creating a Will is not a one-and-done exercise. Your circumstances change over time, and your Will needs to change with them. We recommend reviewing your Will at least every 3-5 years, or sooner if any of these life events occur.
Marriage: Getting married automatically revokes any existing Will (unless it was made in anticipation of that specific marriage). If you get married and don't make a new Will, you die intestate.
Divorce: Divorce doesn't automatically revoke your Will, but it does remove your ex-spouse as a beneficiary and executor. However, this may not achieve the outcome you want, so a new Will is strongly recommended.
Birth of children or grandchildren: If you've had children since making your Will, they may not be properly provided for. You should also consider appointing guardians for minor children.
Death of a beneficiary or executor: If someone named in your Will has died, you need to update it to name alternatives.
Significant change in assets: Buying or selling property, receiving an inheritance, or significant changes in your financial situation should all trigger a review.
Change in relationships: If you've started a new relationship, become estranged from a beneficiary, or your family circumstances have changed, your Will should reflect this.
Changes in the law: Tax laws and regulations change regularly. A review ensures your Will takes advantage of current reliefs and allowances.
At Castle Family Legal, we offer Will review services to ensure your documents remain up to date. Contact us to book a review.
