Wednesday, 11 Nov 2015

11 reasons (which most probably haven’t crossed your mind) why you might need your Will reviewing.

11 reasons (which most probably haven’t crossed your mind) why you might need your Will reviewing.

There are a number of events or scenarios in which a Will should be reviewed to see if they require updating. Some of these are as follows:

   

1)      Changes in the law in relation to Inheritance Tax. This can sometimes result in a simpler Will being just as tax efficient as a tax planning Will.

 

       2)      Divorce.

3)      Marriage. Marriage cancels any Will you may have, unless it was declared as being made in contemplation of marriage.

4)      Change of circumstances-for instance after having children or grandchildren.

5)      If an Executor or a Guardian of a child under 18 dies, you may wish to appoint a new one in their place.

6)      Children reaching the age of 18-you may then wish to appoint them as Executors of your Will now that they would be able to act.

7)      Changes in your assets.

8)      Separation or breakdown of a relationship.

9)      Acquisition of property in a foreign jurisdiction.

10)   The death of someone named as a Beneficiary in your Will.

11)   General review for peace of mind.

 
It may well be that after a review of a Will, no alterations or updates are required. If you wish to review your current Will, please do not hesitate to contact Victoria Hill on 01535 613662 or via email victoria.hill@awbclaw.co.uk




Victoria Hill

Solicitor

Wills, Trusts and Probate

Tel: 01535 613662

Email: victoria.hill@awbclaw.co.uk

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