An executed Will only describes the Will maker’s wishes at a particular point in time. As such, we recommend that you regularly review your Will to ensure that it accurately reflects your current wishes. This is particularly important if your circumstances change.
Some situations where you may want to update your Will, include:
- When you get Married. Generally, a Will made prior to marriage is revoked unless it was made in anticipation of that marriage.
- Starting a de facto relationship.
- Having children or grandchildren.
- Separation or divorce.
- When a spouse has passed away.
- When the executor in your current Will becomes unable to act due to illness or death. You should always ensure that you have substitute executors named in your Will.
- When a beneficiary under your Will has passed away. You should ensure that you have substitute beneficiaries.
- When you retire.
- When you buy or sell major assets. You should ensure that you are not gifting items under your Will which you no longer own.
We recommend that you review your Will at least once a year and when a major life change occurs. If you require assistance in updating your Will, please contact our team of Lawyers at The Quinn Group on (02) 9223 9166 or submit an online enquiry form today.