CHANGING A WILL


Adrian Chambers - Law For LifeHello, My name is Adrian Chambers and I’m a solicitor with Law for Life. Welcome to our web pages relating to Wills. Making a will is one of those things that we know we should do but rarely get around to actually sorting out. We can help you make the will you want, using our on-line documents, quickly, easily and at low cost.

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CHANGING A WILL


DO YOU NEED TO CHANGE YOUR WILL?


Once you’ve made your Will it’s tempting to sit back and relax and forget about it. But from time to time (at least every 5 years) it’s a good idea to take a fresh look at it to make sure your will still takes account of your wishes. The last thing you want is for your good intentions to go to waste or even worse for the people and causes you care about to miss out on what you wanted to leave them.

Changes happen in all our lives and, if you’ve already made a will and you’re not careful, you could find yourself with a Will that no longer accurately reflects your wishes. A simple review of your Will could help ensure that your will properly reflects what you want despite and change in your circumstances.

NEW WILL OR CODICIL?


If you want to make major changes to your will then it is often best to consider making a completely new will. Sometimes if you only want to make some small adjustments to your will then a codicil may be appropriate. A codicil to a will is an additional document to your will that makes a small change and modification to your will but does not revoke your will.

HAVE YOU HAD A CHANGE OF CIRCUMSTANCES SINCE YOU LAST MADE YOUR WILL?


If you answer yes to any of the questions below it could well be time you reviewed and possibly changed your Will. (Even if you don’t say yes to any of the questions, it’s always a good idea to check your Will regularly from time to time.)

Have you recently:

  • Welcomed a new child or grandchild into the family?
  • Lost a relative or close friend?

If you have recently had a birth or death in your family you should think about whether you need to change your will to make sure that the new family member benefits from your will and does not lose out.

  • Got married/entered into a civil partnership

If you get married or enter into a civil partnership it will automatically revoke any previous will you have made unless your will specifically stated that it was made in contemplation of that marriage or civil partnership

  • Moved in with someone?

If you start living together with somebody in a serious relationship, possibly as common law husband and wife and are not planning on getting married then you should consider making a will in order to ensure that if you die that your partner is properly provided for and does not lose out.

  • Divorced?

Getting divorced does not automatically revoke your will. However getting divorced does mean that your former spouse will not be entitled to benefit from your will or act as an executor.

  • Separated?

Separating from a person does not have any effect on your will. Therefore if you have been in a relationship and have separated from someone and you no longer wish to make any provision for that person in your will, then you should consider making a will as soon as possible. House gone up in value?

  • Moved house?

If you move overseas then it is important that you make a new will in the country where you move to and live to accurately reflect what you want to happen to your estate. This is because different laws relating to the administration of estates are likely to apply when you live overseas so making a new will in your new country of residence is very important.

  • Acquired a valuable personal possession?
  • Inherited from a friend or relative?
  • Had a financial windfall?
If there is a substantial change in your financial circumstances then you should consider making a new will.   If your finances grow to a point where the value of your net estate exceeds £325,000 and potentially becomes subject to Inheritance Tax then you should consider making a new will.