10 Most Common Questions About Drafting a Will

How often does a will need to be updated?

Some people never update their wills, others do so regularly. It’s up to you if and when you take these steps, but most lawyers will advise you to revise it after pivotal moments in your life. Marriage, the birth of a child, divorce, the death of an executor or the death of a beneficiary could all be the reason behind an update. But you should also consider big purchases and inheritances.

Adult children won’t need guardians, but disabled dependents will, so that’s another facet of your will that you need to consider.

Most experts say that reviewing your will every two or three years is a safe option, even if you don’t end up updating anything.

«1 ... 9 10 11»

Leave a Comment

Your email address will not be published. Required fields are marked *

Personal Finance

Retirement Life

Saving & Spending