Five Reasons It Is Time to Update Your Will

If you haven't looked at your Will in a while, now is the time. Life changes can make an outdated Will ineffective or even harmful to your family.

1. You've Had a Major Life Event

Marriage, divorce, the birth of a child, or the death of a beneficiary are all reasons to update your Will. These events can significantly change who you want to inherit your assets.

2. Your Financial Situation Has Changed

If you've bought a home, started a business, received an inheritance, or experienced a major change in your finances, your Will should reflect that.

3. You've Moved to a Different State or Province

Estate laws vary by jurisdiction. A will that was valid where you used to live may not be fully enforceable where you live now.

4. Your Executor Can No Longer Serve

If the person you named as executor has passed away, become incapacitated, or is no longer someone you trust, it's time to name a new one.

5. Laws Have Changed

Tax laws and estate laws change regularly. An outdated Will might not take advantage of current exemptions or could be subject to unexpected taxes.

Update Your Will with a Personal Legal Service Plan

Personal Legal Service Plans include Will preparation and updates. Get peace of mind knowing your Will reflects your current wishes and complies with current laws.