Kiplinger

12 Different Times When You Should Update Your Will

I can't tell you how often I meet with clients who tell me they have been meaning to update their wills for years but never got around to doing it. Their numbers are only surpassed by the people who didn't think they needed to update their legal documents, and their omissions become clear once they passed away and their family discovers the will is woefully inappropriate.

Some wills really do pass the test of time. I have seen a 50+-year-old will that was spot-on. The deceased individual stated they wanted their spouse to receive their assets, then their children equally if their spouse passed away, and named the same people as executors of their estate. The drafting attorney could have patted himself on the back that he foresaw exactly how things would be, but the skeptic could say he got lucky that what he drafted

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