DO YOU NEED TO CHANGE YOUR WILL?
Once youâve made your Will itâs tempting to sit back and relax and forget about it. But from time to
time (at least every 5 years) itâs 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 youâve already made a will and youâre 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
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?
Do you need to change a will?
Have you recently:
Welcomed a new child or grandchild into the family?
Lost a relative or close friend?
House gone up in value?
Acquired a valuable personal possession?
Inherited from a friend or relative?
Had a financial windfall?
DID YOU ANSWER YES?
If youâve answered yes to any of the above questions it could well be time you reviewed and
possibly changed your Will.
(Even if you didnât say yes to any of the above questions, itâs always a good idea to check your Will
regularly from time to time.)
FAMILY BIRTHS OR DEATHS
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
If you get married it will automatically revoke any previous will you have made unless your will
specifically stated that it was made in contemplation of that marriage.
If you enter into and register a civil partnership it will also automatically revoke any previous will
you have made unless your will specifically stated that it was made in contemplation of that civil
LIVING TOGETHER AS COMMON LAW HUSBAND AND WIFE
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.
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.
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.
If there is a substantial change in your financial circumstances then you should consider making a
If your finances grow to a point where the value of your net estate exceeds Â£325,000 and potentially
becomes subject to Inheritance Tax then you should consider making a new will.
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.
SAFE STORAGE OF YOUR WILL
Over 70% of those who die each year die intestate. This means one of two things â either they did
not make a Will or they did, but no-one could find the will when it was needed. The solution is to
have your Will stored in a secure place, safe and insured against loss, damage, fire or theft and
retain a copy at home. For a small annual fee we can provide the safe storage of the original will
and provide a courtesy 5 yearly review of your Will.
CHANGE YOUR WILL NOW
Click here to select from the options.
If none of them suit you please contact us and we will see if we can prepare a unique and bespoke
codicil for you.