Making a will is an important step, but it is not a one-off task. Changes in your family or your finances can mean that your will no longer does what you intended.
Events that call for a review
- Marriage, separation or divorce, which can affect an existing will.
- The birth or adoption of a child or grandchild.
- Buying or selling a business or significant property.
- The death or incapacity of an executor or beneficiary.
- Moving to another country.
Beyond the will
A review is also a good time to check your powers of attorney and any directions about health care, so that the people you trust can act for you if needed.
How often
Even without a major event, reviewing your estate plan every few years helps to keep it aligned with your circumstances and with any changes in the law.
This article is general information only and is not legal advice. The law and its application vary with your circumstances; please seek advice before acting.