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How often should a will be updated?


Many families in the Kent area have taken the time to create their wills. A will is an important estate planning document that can help a person dictate how their assets should be distributed upon their death. It can also name guardians and other important tasks. But, just because a family has created wills doesn't mean that estate planning is done forever.

A will is a legal document that may need to be revisited over a person's lifetime. Just because a person creates a will doesn't mean it is a static document. There are many life changes that can occur that may affect a will. These include getting married, turning 18, retirement or entering a nursing home. It may also need to be amended for a birth of a child, death or divorce, birth of grandchildren, buying real estate, inheriting money or creating a succession plan for a business.

Those who have created a will understand the importance of estate planning. But, there are many life events that can occur that can affect a will. An attorney who practices in estate planning law can meet with their clients and help them create an estate plan that makes sense for their situation. They can also analyze the estate planning documents that have already been created and make sure they are up-to-date.

Creating an estate plan brings peace of mind to a family. Knowing that their affairs will be handled as they wish can bring a person peace of mind. It can also help the family left behind by making wishes known and easy for family to figure out.

Source: limaohio.com, "How often should I update my will?", Lee R. Schroeder, April 7, 2018

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