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  • When should I update my will?

    If you have a will, congratulations! But now you may be wondering, “When should I update my will?” Good question.

    In this brief video, I review life events that prompt revising your will. While marriage, babies and divorce may be obvious, other events that warrant an update include a shift in your relationship with the person named executor or an increase in assets.

    At a minimum, I recommend reviewing your will every two years regardless. And the beginning of the year is the perfect time to get it done. As you start to think about your New Year’s Resolution, this task may be one to add to the list.

    To learn more about why everyone needs an estate plan — even if it’s just a simple will — and what happens if you die without one, view my previous video. Then to hear more from me about wills, estate planning, and blended families, listen to these podcasts on IRC Wealthcast:

    Having control of your financial future, while you’re alive — as well as ensuring that your wishes are met after your death — doesn’t have to be complicated. But like so many things in life, it does require some ongoing maintenance. If it’s time to revisit your will, I recommend making that appointment for January now and enjoy having one less thing to worry about as this year winds down.

    Everyone’s situation is different; what it takes for you to be financially independent is unique to you. If you’d like to discuss any questions or concerns you have your financial life, please contact us for a no obligation consultation to see how we can help.

     

    Resources

    modern family financial legal and emotional esstentials seminar
    ON-DEMAND SEMINAR
    The Modern Family: Financial, Legal and Emotional Essentials
    Families and relationship are complicated. Especially during transitions — such as marriage, divorce, unemployment and death — when emotional, legal and financial issues converge. Learn how to navigate these challenges by knowing what to expect and the necessary steps that make a huge difference both short and long term.

    estate planning and divorce
    BLOG
    Estate Planning and Divorce
    With all the turmoil and changes that divorce brings, one important issue not to be forgotten is your estate plan. Estate planning encompasses planning for both life and death. It covers many things, including, asset protection and distribution, caring for children, and managing the affairs of someone with a disability. With so many important issues at stake, it is imperative to look at estate planning implications with every life transition, including divorce.

     

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    When should I update my will?

    by Michelle Thompson time to read: 2 min
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