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family separation

12
Feb

2018

A will is not something you should create in your twilight years. It should be a document drawn up early on in your adult life which journeys with you.

However, by writing your Will years before it might be executed there is a very real chance that what you originally intended to do with your estate and possessions will change over time. As such, many people find that they need to update their Will. Here is how to do just that.

When should I change my Will?

It’s recommended that you review your Will every five years to ensure that your wishes remain the same as when you first wrote it. It’s also important to make sure you amend your Will if you have a significant life change such as:

  • Getting married or getting divorced
  • Having children or grandchildren
  • Moving house
  • Having a considerable change in your financial circumstances
  • Following the death of an executor of your Will or of someone who would have been a beneficiary

Making regular checks can mean that small amendments can be made over time, rather than having to do a comprehensive rewrite because everything is outdated.

Using a codicil to make small changes to your Will

Once your Will has been signed, you can’t make changes to the Will itself. Instead you can make minor changes by completing a codicil. A codicil is a document which is signed and witnessed in the same way as your Will was, but is then attached to your original Will to show the change that has been made. It’s simple and easy to do.

You don’t need to use the same witnesses as you did for your original Will, although you should ensure that the codicil is kept with the original to show the amendment or addition which has been made.

There’s also no limit to how many codicils you can attach to your original Will, so don’t worry if you need to make another minor amendment in a few years’ time. Finally, there is no restriction on what can be changed through a codicil, although it’s not recommended for use to make a significant number of changes.

Making major changes to your Will

If you do need to make comprehensive changes to your Will, it’s recommended that you write a new one. Your new Will must state that it revokes the previous Will, and the previous one must be destroyed either by tearing, shredding or burning it.

You only need to write a new Will if you are making wholesale changes, but it’s much easier to have a new document drawn up than have a long and complicated codicil if very little of your original Will still stands.

If you need to make either small minor changes or significant major changes to your will, then you need to find a reputable and reliable Will writing service. Get in touch with us today so we can match you with appropriate Will Writers, you will receive prices to compare within a few minutes.

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