Once Isn’t Enough: 3 Reasons You Need To Have Your Will Updated
When it comes to wills, many people don’t realize that they need to be updated from time to time. They also don’t realize that they need an attorney that does wills. Without a current will, those left behind may be faced with extended probate periods, or worse. Unfortunately, many people aren’t aware of the circumstances that would require an updated will. Here are just three of the reasons people should update their wills & trusts.
Recent Births
Many people have their first will drawn up as soon as they’re married. They don’t realize that once they have children, they need to sit down with an attorney who specializes in wills & trusts. During their appointment, they’ll need to amend their will to include the birth of their child. They’ll also need to update their will after each subsequent birth. If people are going to include grandchildren in their wills, they should include that information in their updated wills, as well.
Changes in Marital Status
Another problem that can arise