When should I update my Will?

When exactly should I update my will? If you marry or enter into a civil partnership after the date of your Will, unless this was made in contemplation of your marriage or partnership, then any Will made before this date is automatically revoked and you will therefore need to contact your Solicitor to make a new one.

Furthermore, should you divorce or have a civil partnership declared void after making a Will, any appointment of your former spouse or civil partner will be cancelled and any gifts made to them would lapse.

Should you have children after making a Will, you would need to have a new Will prepared to ensure that guardians are appointed along with provision for your children’s financial future.

Something to bear in mind is also the value of your estate, should this exceed the Inheritance Tax Threshold at any time then you should discuss this with your Solicitor to ensure that your estate is dealt with in the most tax efficient manner.

Finally, you are advised to contact your Solicitor in the following circumstances in case these require any alterations to your Will –

(a) If you change your name or anyone mentioned in your Will changes theirs
(b) If an executor dies or becomes unable to act, for example, ill health
(c) If a beneficiary dies
(d) If your financial circumstances change, even if you are still under the Inheritance Tax threshold

If you should chose to make changes to your Will, our experienced Wills and Probate solicitors can assist you every step of the way. Simply get in touch with our team today – you can rely on us to take care of everything for you.