Updating wills

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While you’d like to make a will once and then forget about it, things happen that require updating a will.You may get married or divorced, have children or grandchildren, lose a loved one prematurely, have a falling out with a family member or friend, shift your charitable inclinations, win the lottery or move to a new state. Depending on what sort of change you’re making, you should either add to your will or write a new one. Lots of people change their wills when they have children, grandchildren or when their financial situation changes.You can make small changes to your will – such as changing the executors or adding a legacy – by using a document called a codicil (more on this below).

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You may think the easiest way to revise your will is to mark it with a pen and initial next to the changes.Once you have a will in place, your circumstances and the law can both change.Periodically revisit your will to assess whether you need to make any updates.You can’t amend your will after it’s been signed and witnessed.The only way you can change a will is by making an official alteration called a codicil.

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