When should I update my Will?

When Should I Update My Will?

 

Creating a valid Will is an essential step in planning your estate, but keeping it up to date is just as important. Life changes quickly, and your Will should reflect your current circumstances, relationships, and wishes. At CreateWills, we make it simple to create, update, and store your Will online, ensuring your estate planning always stays compliant.

 

Major Life Events:

Events like marriage, divorce, the birth or adoption of a child, or the death of a loved one can all impact your Will. If any of these occur, it’s vital to update your Will to ensure the right people inherit your assets.

Change in Assets:

Have you bought a new home, started a business, or received a large inheritance? Significant financial or property changes mean you should review your Will to reflect your current wealth and ensure proper distribution.

Moving or Relocating:

If you relocate within the UK or abroad, your Will may no longer be legally valid under new jurisdiction rules. Updating your Will ensures it complies with local estate planning laws.

Relationship Changes:

Family dynamics can shift. If you’ve had a falling out, reconciliation, or wish to appoint a new executor, make sure your Will reflects these changes to avoid disputes later.

Evolving Wishes:

Over time, you may wish to support different charities, guardians for your children, or causes close to your heart. Updating your Will lets you control how your estate is managed.

Tax Law Updates:

Tax regulations change, and with them, so should your estate planning strategy. Reviewing your Will with legal experts ensures it remains tax-efficient and compliant.

Health Changes:

If you or a loved one experience a serious illness or disability, your Will may need adjustments, such as creating a special needs trust or updating healthcare preferences.

Changing Legal Standards:

Laws surrounding Wills and estates evolve. Regular reviews help ensure your Will remains valid under current Malaysian  law.

 

How Often Should I Update My Will?

Experts recommend reviewing your Will once a year or after any major life event. With CreateWills’ online Will writing service, you can update your Will anytime, anywhere, keeping it secure and fully compliant.

Create your Will today and enjoy the peace of mind knowing it can be updated whenever your life changes.

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