Do You Have a Will?
A Will is the primary legal document for determining how your assets will be distributed and what would happen to your minor children on your death. But you can’t just place your Will in a fire safe box and forget about it: Review and update it regularly to reflect changes in your personal circumstances as well as other events.
For instance, you might add to or subtract from the list of beneficiaries, possibly because of births of children and grandchildren and marriages or divorces of family members. Or, you might want to replace the Personal Representative (Executor) you initially named in the Will. Also, your Will may need to be amended if and when significant tax reforms are passed.
And remember, don’t wait until it’s too last. You will no longer be able to change your Will if you are suffering from a disability that affects your thinking, such as a stroke or dementia.
Call the Law Offices of Debra G. Simms at 386.256.4882 to learn more.
This blog post is not case-specific and is provided only for educational purposes and is not intended to provide specific legal advice. Blog topics may or may not be updated and entries may be out-of-date at the time you view them.